Excelerate Energy Cl A saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 79 to 85.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best stocks often have an 80 or better RS Rating as they begin their biggest climbs.
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While Excelerate Energy is not near an ideal entry right now, see if it is able to form and break out of a proper chart pattern. Keeping in mind that this is a recent IPO, which can lead to big swings in price. Not to mention the overall weakness in the market.
Earnings growth dropped last quarter from 0% to -64%, but revenue rose from 215% to 259%.
Excelerate Energy Cl A holds the No. 7 rank among its peers in the Utility-Gas Distribution industry group. Southwest Gas and One Gas are also among the group's highest-rated stocks.
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