Alliant Energy had its Relative Strength (RS) Rating upgraded from 63 to 72 Tuesday — a welcome improvement, but still below the 80 or better score you prefer to see.
IBD's proprietary RS Rating tracks 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 best stocks typically have an 80 or better RS Rating as they begin their largest runs. See if Alliant Energy can continue to show renewed price strength and clear that threshold.
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Alliant Energy is building a flat base with a 64.19 buy point. See if the stock can break out in volume at least 40% above average.
Alliant Energy saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -11% to 10%. Revenue rose from -2% to 0%. Keep an eye out for the company's next round of numbers on or around Feb. 20.
Alliant Energy holds the No. 5 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities is the No. 1-ranked stock within the group.
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