The IBD SmartSelect Composite Rating for Middlesex Water increased from 94 to 97 Tuesday.
The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Middlesex Water is currently forming a cup without handle, with a 70.73 entry. See if the stock can break out in volume at least 40% higher than normal.
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The stock has an 89 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 89% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 53% rise in earnings for Q4. It has now posted accelerating EPS growth for two consecutive quarters. Sales growth increased 22%, up from 18% in the prior report. The company has now posted accelerating growth in each of the last five quarters.
Middlesex Water holds the No. 3 rank among its peers in the Utility-Water Supply industry group. SABESP ADR is the No. 1-ranked stock within the group.
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