IDACORP had its Relative Strength (RS) Rating upgraded from 69 to 72 Friday — a welcome improvement, but still below the 80 or higher score you look for.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the top-performing stocks often have an 80 or higher RS Rating as they begin their biggest runs. See if IDACORP can continue to show renewed price strength and hit that benchmark.
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IDACORP is building a flat base with a 120.42 entry. See if it can break out in heavy trading.
The company posted 2% earnings growth in its most recent report, while sales growth came in at 3%. Look for the next report on or around Feb. 13.
IDACORP holds the No. 7 rank among its peers in the Utility-Electric Power industry group. Talen Energy, Vistra and Pampa Energia ADR are among the top 5 highly rated stocks within the group.
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