On Monday, Pinnacle West Capital received an upgrade to its Relative Strength (RS) Rating, from 69 to 75.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of over 80 as they launch their largest runs. See if Pinnacle West Capital can continue to rebound and clear that threshold.
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Pinnacle West Capital is trading within a buy range after clearing a 91.56 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Pinnacle West Capital posted -4% earnings growth in the latest quarterly report. Sales gains came in at 8%.
Pinnacle West Capital earns the No. 6 rank among its peers in the Utility-Electric Power industry group. Empresa Distribuid ADR, Pampa Energia ADR and Vistra are among the top 5 highly rated stocks within the group.
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