On Thursday, Constellation Energy earned a positive adjustment to its Relative Strength (RS) Rating, from 65 to 73.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest climbs. See if Constellation Energy can continue to rebound and clear that threshold.
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While Constellation Energy is not near a proper buy zone right now, see if it manages to form and break out of a proper base.
In terms of top and bottom line numbers, the company has posted two quarters of accelerating earnings growth. Sales gains have been less impressive, coming in at -7% last quarter.
The company earns the No. 8 rank among its peers in the Energy-Alternative/Other industry group. Clearway Energy Cl C, Clearway Energy Cl A and Kenon Holdings 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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