Dominion Energy stock had its Relative Strength (RS) Rating upgraded from 70 to 74 Friday — a welcome improvement, but still below the 80 or better score you prefer to see.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if Dominion Energy stock can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
Is Dominion Energy Stock A Buy?
Dominion Energy stock is trying to complete a consolidation with a 61.97 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
While the company's top line growth fell last quarter from 3% to -4%, earnings-per-share grew 38%, up from 25% in the prior report.
Dominion Energy stock holds the No. 10 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and Alliant Energy are among the top 5 highly rated stocks within the group.
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