On Friday, Chesapeake Utilities cleared a noteworthy performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 83, up from 80 the day before.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest climbs.
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Chesapeake Utilities is trying to complete a cup with handle with a 131.46 buy point. See if the stock can break out in heavy trade.
Chesapeake Utilities posted -1% EPS growth last quarter. Sales increased 16%.
The company earns the No. 2 rank among its peers in the Utility-Diversified industry group. Ameren Corp is the No. 1-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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