On Monday, Consolidated Edison hit an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 83, a rise from 80 the day before.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 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 north of 80 in the early stages of their moves.
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Consolidated Edison is working on a cup without handle with a 107.75 entry. See if it can break out in volume at least 40% above average.
While earnings growth decreased in the company's most recently reported quarter from 4% to -2%, sales grew 7%, up from 6% in the prior report.
Consolidated Edison holds the No. 8 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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