CenterPoint Energy had its Relative Strength (RS) Rating upgraded from 70 to 74 Monday — a welcome improvement, but still short of the 80 or better score you look for.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 as they launch their largest runs. 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 building a flat base with a 33.00 entry. See if the stock can break out in volume at least 40% above average.
CenterPoint Energy showed -23% earnings growth last quarter. Sales increased 0%.
The company holds the No. 9 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities, NiSource and Ameren Corp 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!
