On Tuesday, NextEra Energy hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 61 the day before.
IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
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NextEra Energy is trying to complete a with an 86.10 buy point. See if it can break out in volume at least 40% above average.
The company posted 2% earnings growth in its most recent report, while sales growth came in at -22%.
The company holds the No. 11 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR, OGE Energy and Vistra 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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