In a welcome move, WEC Energy Group saw its Relative Strength Rating rise from 70 to 73 on Tuesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if WEC Energy Group can continue to rebound and hit that benchmark.
WEC Energy Group broke out earlier, but has fallen back below the prior 111.00 entry from a flat base. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
The company reported 13% EPS growth last quarter. Sales rose 13%.
WEC Energy Group earns the No. 1 rank among its peers in the Utility-Diversified industry group. WEC Energy Group and Ameren 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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