Xcel Energy saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 61 to 75.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an 80 or higher RS Rating as they begin their biggest price moves. See if Xcel Energy can continue to show renewed price strength and clear that threshold.
While the stock is not near a proper entry right now, see if it is able to form and break out from a proper chart pattern.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -5% to 39%. Revenue rose from 7% to 9%. Look for the next report on or around Oct. 23.
Xcel Energy earns the No. 4 rank among its peers in the Utility-Diversified industry group. NiSource is the No. 1-ranked stock 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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