On Tuesday, FirstEnergy got an upgrade to its Relative Strength (RS) Rating, from 64 to 73.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their largest climbs. See if FirstEnergy can continue to rebound and clear that threshold.
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FirstEnergy is building a flat base with a 44.97 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company reported -3% EPS growth last quarter. Sales increased 7%. Keep an eye out for the company's next round of numbers on or around Feb. 26.
FirstEnergy holds the No. 14 rank among its peers in the Utility-Electric Power industry group. TXNM Energy, OGE Energy and Talen Energy are among the top 5 highly rated stocks within the group.
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