CenterPoint Energy had its Relative Strength (RS) Rating upgraded from 68 to 71 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if CenterPoint Energy can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
CenterPoint Energy is not currently showing a potential buy point. See if the stock goes on to build a sound pattern that could kick off a new price move.
CenterPoint Energy showed -23% EPS growth last quarter, while sales growth came in at 0%.
The company earns the No. 12 rank among its peers in the Utility-Diversified industry group. NiSource, Chesapeake Utilities and PG&E are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing 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!
