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Investors Business Daily
Investors Business Daily
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INVESTOR'S BUSINESS DAILY

Chesapeake Utilities Earns Relative Strength Rating Upgrade; Hits Key Threshold

On Tuesday, Chesapeake Utilities reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 82, a rise from 78 the day before.

IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.

History shows that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest price moves.

Hone Your Stock-Picking Skills By Focusing On These Factors

Chesapeake Utilities is trying to complete a cup without handle with a 134.20 buy point. See if it can break out in volume at least 40% higher than normal.

Chesapeake Utilities reported -1% earnings growth in the latest quarterly report, while sales growth came in at 16%.

The company holds the No. 2 rank among its peers in the Utility-Diversified industry group. Ameren Corp 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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