In a welcome move, Essential Utilities saw its Relative Strength Rating rise from 64 to 77 on Monday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 as they launch their largest price moves. See if Essential Utilities can continue to rebound and clear that threshold.
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Essential Utilities is trying to complete a consolidation with a 41.78 buy point. See if the stock can clear the breakout price in heavy volume.
While earnings growth fell in the prior quarter from 63% to -2%, the top line grew 26%, up from 6% in the prior report.
Essential Utilities holds the No. 5 rank among its peers in the Utility-Water Supply industry group. SABESP ADR is the top-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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