When building your watch list, focus on stocks with an 80 or higher RS Rating. American States Water just cleared that benchmark with an upgrade from 72 to 83.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the best stocks typically have an 80 or better RS Rating as they launch their biggest price moves.
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American States Water is building a cup without handle with an 87.50 entry. See if the stock can clear the breakout price in heavy trade.
In terms of top and bottom line numbers, the company has posted two quarters of rising earnings growth. Revenue growth has also moved higher during the same period.
American States Water holds the No. 4 rank among its peers in the Utility-Water Supply industry group. Middlesex Water 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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