Black Hills saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 70 to 78.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
History shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest climbs. See if Black Hills can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Black Hills is working on a cup without handle with a 65.59 entry. See if it can break out in heavy trading.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -48% to 17%. Revenue rose from -1% to 1%.
Black Hills earns the No. 19 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and Alliant Energy are among the top 5 highly rated stocks 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
