MGE Energy had its Relative Strength (RS) Rating upgraded from 69 to 73 Monday — a welcome improvement, but still short of the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they begin their biggest runs. See if MGE Energy can continue to show renewed price strength and hit that benchmark.
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While MGE Energy is not near an ideal buy zone right now, see if it is able to form and break out from a proper base.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 8%, compared to -16% in the prior report. Revenue increased from -2% to 5%. The next quarterly results are expected on or around Feb. 19.
MGE Energy earns the No. 9 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and NRG Energy are among the top 5 highly rated stocks within the group.
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