Xcel Energy saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 64 to 71.
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IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of at least 80 as they begin their biggest runs. See if Xcel Energy can continue to show renewed price strength and hit that benchmark.
Xcel Energy is building a flat base with a 73.00 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth slowed in the most recent report from -2% to -5%. But revenue moved higher, from -9% to 7%. The next quarterly results are expected on or around Jul. 24.
The company holds the No. 21 rank among its peers in the Utility-Diversified industry group. NRG Energy, Genie 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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