Chesapeake Utilities had its Relative Strength (RS) Rating upgraded from 66 to 72 Thursday — a welcome improvement, but still below the 80 or higher score you look for.
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 as they launch their largest runs. See if Chesapeake Utilities can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Chesapeake Utilities is not currently showing a potential buy point. See if the stock goes on to form a base that could ignite a new run.
While revenue growth fell last quarter from 23% to 22%, earnings-per-share grew 16%, up from -4% in the prior report.
The company earns the No. 2 rank among its peers in the Utility-Diversified industry group. NiSource is the top-ranked stock within the group.
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