On Friday, Chesapeake Utilities received a positive adjustment to its Relative Strength (RS) Rating, from 87 to 91.
IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Chesapeake Utilities is remains in a buy zone after moving past a 131.46 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..
The stock's relative strength line is in new high ground, which is a bullish indicator of technical strength.
The company posted -1% EPS growth last quarter, while sales growth came in at 16%. The company is expected to report its latest earnings and sales numbers on or around Apr. 30.
The company holds the No. 1 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities and Alliant Energy are also among the group's highest-rated stocks.
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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