The Relative Strength (RS) Rating for Pinnacle West Capital entered a new percentile Tuesday, with an increase from 79 to 83.
IBD's unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating of at least 80 as they launch their biggest runs.
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Pinnacle West Capital is trying to complete a cup without handle with a 95.42 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Pinnacle West Capital posted -4% earnings growth in its most recent report, while sales growth came in at 8%. Look for the next report on or around Feb. 25.
Pinnacle West Capital earns the No. 11 rank among its peers in the Utility-Electric Power industry group. TXNM Energy, OGE Energy and Talen Energy are among the top 5 highly rated stocks within the group.
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