Constellation Energy saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 89 to 95.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest climbs.
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Constellation Energy broke out earlier, but has fallen back below the prior 288.75 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also understand that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
Earnings grew 29% last quarter, up from 2% in the prior report. Revenue also increased, from 1% to 7%.
Constellation Energy earns the No. 1 rank among its peers in the Energy-Alternative/Other industry group. Enlight Renewable Energy and GE Vernova are also among the group's highest-rated stocks.
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