On Thursday, Public Svc Enterprise reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 75 the day before.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Public Svc Enterprise is building a consolidation with a 95.22 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
In terms of top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Sales gains have not followed the same trajectory, coming in at -5% in the most recent report. The company is expected to release its next quarterly numbers on or around Apr. 30.
The company holds the No. 10 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and Alliant Energy 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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