In a welcome move, Public Svc Enterprise saw its Relative Strength Rating rise from 68 to 73 on Tuesday.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Public Svc Enterprise can continue to show renewed price strength and hit that benchmark.
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While the stock is not near an ideal entry right now, see if it goes on to form and break out from a proper consolidation.
Regarding top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Top line growth has not followed the same trajectory, coming in at -5% in the latest report. Public Svc Enterprise is expected to release its next quarterly numbers on or around Apr. 30.
The company holds the No. 20 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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