When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Calif Water Svc Grp now meets that criteria, with a jump from 72 to 82 Friday.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest runs.
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Calif Water Svc Grp is trying to complete a cup without handle with a 56.25 buy point. See if it can clear the breakout price in volume at least 40% above average.
The company showed -37% EPS growth in the latest quarterly report, while sales growth came in at 4%. The next quarterly results are expected on or around Apr. 24.
Calif Water Svc Grp holds the No. 7 rank among its peers in the Utility-Water Supply industry group. Middlesex Water, SABESP ADR and American Water Works 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.
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