On Monday, Chesapeake Utilities earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 72.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their largest climbs. See if Chesapeake Utilities can continue to show renewed price strength and hit that benchmark.
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Chesapeake Utilities is working on a flat base with a 125.34 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
While the company's bottom line growth dropped last quarter from 3% to -4%, the top line grew 23%, up from 13% in the previous report. The next quarterly results are expected on or around Nov. 7.
Chesapeake Utilities earns the No. 14 rank among its peers in the Utility-Diversified industry group. Duke Energy, NRG Energy and NiSource are among the top 5 highly rated stocks within the group.
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