In a welcome move, Xcel Energy saw its Relative Strength Rating improve from 70 to 74 on Friday.
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IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating of over 80 as they launch their biggest runs. See if Xcel Energy can continue to show renewed price strength and hit that benchmark.
Xcel Energy is in a buying range after moving past a 73.00 buy point in a flat base. 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..
Earnings grew 39% last quarter, up from -5% in the prior report. Revenue also increased, from 7% to 9%.
Xcel Energy holds the No. 7 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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