In a welcome move, Chesapeake Utilities saw its Relative Strength Rating rise from 67 to 71 on Wednesday.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Chesapeake Utilities can continue to rebound and clear that threshold.
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Chesapeake Utilities is trying to complete a flat base with a 134.20 entry. See if it can clear the breakout price in volume at least 40% above average.
While revenue growth fell last quarter from 23% to 22%, EPS grew 16%, up from -4% in the prior report.
The company earns the No. 1 rank among its peers in the Utility-Diversified industry group. NiSource and PG&E are also among the group's highest-rated stocks.
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