When building your watch list, focus on stocks with an 80 or higher RS Rating. Consolidated Edison just met that criteria with a new score of 81.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the best stocks typically have an 80 or better RS Rating as they begin their biggest climbs.
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Consolidated Edison is working on a cup without handle with a 107.75 entry. See if the stock can break out in heavy volume.
Earnings growth fell in the company's most recent report from 4% to -2%, but revenue rose from 6% to 7%.
Consolidated Edison earns the No. 6 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and Alliant Energy are among the top 5 highly rated stocks 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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