IDACORP saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 79 to 82.
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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IDACORP has climbed more than 5% past a 105.24 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
IDACORP reported 2% EPS growth in the latest quarterly report, while sales growth came in at 3%.
IDACORP holds the No. 4 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR is the top-ranked stock within the group.
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