One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Ameren Corp cleared that benchmark Monday, with a jump from 77 to 81 Monday.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of above 80 as they launch their biggest climbs.
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Ameren Corp is now considered extended and out of buy range after clearing a 76.15 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While EPS growth fell in the company's most recently reported quarter from 8% to -9%, sales grew 5%, up from -4% in the previous report.
The company holds the No. 7 rank among its peers in the Utility-Diversified industry group. NiSource, PG&E and Chesapeake Utilities are among the top 5 highly rated stocks within the group.
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