Transalta Corp had its Relative Strength (RS) Rating upgraded from 70 to 75 Monday — a welcome improvement, but still below the 80 or higher score you prefer to see.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Transalta Corp can continue to show renewed price strength and hit that benchmark.
Transalta Corp is now considered extended and out of buy range after clearing a 9.02 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Transalta Corp reported negative growth for both sales and earnings last quarter. Transalta Corp is expected to report its next quarterly numbers on or around Aug. 1.
Transalta Corp earns the No. 20 rank among its peers in the Utility-Electric Power industry group. Korea Electric Power ADR, Entergy and Vistra are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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