IDACORP saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 65 to 71.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if IDACORP can continue to show renewed price strength and hit that benchmark.
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IDACORP is now considered extended and out of buy range after clearing a 105.24 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
IDACORP reported 2% earnings growth in the latest quarterly report. Revenue rose 3%.
The company earns the No. 5 rank among its peers in the Utility-Electric Power industry group. Empresa Distribuid ADR is the No. 1-ranked stock within the group.
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