Duke Energy saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 88 to 91.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Duke Energy is remains within a buy zone after climbing above a 119.68 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..
The stock's relative strength line is in new high ground, which is a bullish indicator of market leadership.
The company showed 10% earnings growth in its most recent report, while sales growth came in at 2%.
The company holds the No. 11 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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