Entergy had its Relative Strength (RS) Rating upgraded from 86 to 93 Friday.
IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks typically have an 80 or higher RS Rating at the beginning of a new climb.
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Entergy is now considered extended and out of buy range after clearing a 114.28 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted negative growth for both sales and earnings last quarter.
Entergy holds the No. 11 rank among its peers in the Utility-Electric Power industry group. Empresa Distribuid ADR, Pampa Energia ADR and Pinnacle West Capital are among the top 5 highly rated stocks within the group.
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