WEC Energy Group saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 67 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest runs. See if WEC Energy Group can continue to rebound and hit that benchmark.
WEC Energy Group is in a buy zone after climbing above a 111.00 buy point in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
The company reported 13% earnings growth in the latest quarterly report, while sales growth came in at 13%.
The company earns the No. 1 rank among its peers in the Utility-Diversified industry group. Alliant Energy and NiSource 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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