On Friday, Xcel Energy received an upgrade to its Relative Strength (RS) Rating, from 89 to 92.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance 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 typically have an 80 or better RS Rating at the beginning of a new price run.
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Xcel Energy is building a cup with handle with a 72.70 buy point. See if it can break out in heavy trade.
The relative strength has entered new high ground, a sign the stock is outperforming the general market in terms of price performance.
The company posted negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Apr. 24.
Xcel Energy holds the No. 17 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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