On Friday, American Water Works reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 88 the day before.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of above 80 as they launch their biggest runs.
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In terms of fundamentals, the company has posted two quarters of accelerating earnings growth. Sales growth has also risen over the same time frame. American Water Works is expected to release its next quarterly numbers on or around Apr. 30.
American Water Works earns the No. 3 rank among its peers in the Utility-Water Supply industry group. Middlesex Water is the top-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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