On Wednesday, Consolidated Edison earned an upgrade to its Relative Strength (RS) Rating, from 66 to 71.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the market's biggest winners typically have an RS Rating of over 80 as they launch their biggest climbs. See if Consolidated Edison can continue to rebound and hit that benchmark.
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Consolidated Edison is trying to complete a double bottom with a 102.64 entry. See if the stock can clear the breakout price in heavy trade.
EPS growth decreased in the company's most recent report from 4% to -2%, but revenue rose from 6% to 7%.
The company earns the No. 14 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.
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