The Relative Strength (RS) Rating for MGE Energy headed into a new percentile Tuesday, as it got a lift from 61 to 72.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if MGE Energy can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy volume.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -16% to 8%. Revenue rose from -2% to 5%. The company is expected to report its latest numbers on or around Feb. 19.
The company earns the No. 15 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities, Ameren Corp and NorthWestern Energy Group are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
