When building your watch list, focus on stocks with an 80 or higher RS Rating. MGE Energy is one stock that just reached the mark, now earning a score of 82.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs.
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MGE Energy is building a consolidation with a 109.22 entry. See if it can break out in heavy trade.
Earnings growth rose last quarter from 8% to 11%, but revenue fell from 5% to 4%.
MGE Energy holds the No. 16 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.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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