On Tuesday, Essential Utilities hit a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 77 the day before.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves.
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Essential Utilities is trying to complete a consolidation with a 41.78 buy point. See if it can break out in heavy volume.
Earnings growth dropped in the company's most recent report from 63% to -2%, but the top line rose from 6% to 26%.
Essential Utilities holds the No. 5 rank among its peers in the Utility-Water Supply industry group. SABESP ADR is the No. 1-ranked stock 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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