On Tuesday, Dominion Energy got an upgrade to its Relative Strength (RS) Rating, from 70 to 73.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating of above 80 as they launch their biggest price moves. See if Dominion Energy can continue to rebound and clear that threshold.
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Dominion Energy is now considered extended and out of buy range after clearing a 52.56 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 25% earnings growth in the latest quarterly report. Revenue increased 3%.
Dominion Energy earns the No. 13 rank among its peers in the Utility-Diversified industry group. NiSource, Chesapeake Utilities and PG&E are among the top 5 highly rated stocks within the group.
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