The Relative Strength (RS) Rating for Xcel Energy climbed into a higher percentile Thursday, as it got a lift from 68 to 72.
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IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their largest climbs. See if Xcel Energy can continue to show renewed price strength and hit that benchmark.
Xcel Energy is in a buying range after clearing a 73.00 buy point in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Earnings growth dropped last quarter from -2% to -5%, but revenue rose from 7% to 9%.
The company earns the No. 11 rank among its peers in the Utility-Diversified industry group. NRG Energy, NiSource and Public Svc Enterprise 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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