The Relative Strength (RS) Rating for Chesapeake Utilities jumped into a higher percentile Monday, as it got a lift from 67 to 73.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if Chesapeake Utilities can continue to show renewed price strength and clear that threshold.
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Chesapeake Utilities is within a buying range after clearing a 125.34 entry in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.
Earnings growth picked up last quarter from -4% to 16%. But revenue gains fell from 23% to 22%.
The company holds the No. 4 rank among its peers in the Utility-Diversified industry group. NiSource is the No. 1-ranked stock within the group.
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