On Friday, National Grid ADR earned an upgrade to its Relative Strength (RS) Rating, from 67 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if National Grid ADR can continue to show renewed price strength and clear that threshold.
National Grid ADR is trying to complete a flat base with a 74.82 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company posted negative growth for both the top and bottom lines last quarter. National Grid ADR is expected to report its next quarterly numbers on or around Sep. 3.
The company earns the No. 19 rank among its peers in the Utility-Diversified industry group. WEC Energy Group, Alliant Energy and NiSource 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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