MGE Energy saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 83.
IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating as they launch their biggest price moves.
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MGE Energy is trying to complete a consolidation with a 109.22 buy point. See if the stock can clear the breakout price in heavy trading.
Earnings growth picked up last quarter from 8% to 11%. But revenue gains fell from 5% to 4%.
The company holds the No. 12 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and Alliant Energy are among the top 5 highly rated stocks within the group.
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