On Monday, American Water Works earned a positive adjustment to its Relative Strength (RS) Rating, from 78 to 85.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest runs.
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Regarding fundamentals, the company has posted two quarters of increasing earnings growth. Revenue growth has also risen during the same period.
American Water Works earns the No. 2 rank among its peers in the Utility-Water Supply industry group. SABESP ADR 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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