The Relative Strength (RS) Rating for National Grid ADR climbed into a higher percentile Friday, as it got a lift from 70 to 74.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if National Grid ADR can continue to show renewed price strength and clear that threshold.
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National Grid ADR is working on a consolidation with a 71.43 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
National Grid ADR showed -48% earnings growth in the latest quarterly report. Revenue rose 3%.
National Grid ADR earns the No. 21 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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