On Friday, Eversource Energy cleared a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they launch their biggest price moves.
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Eversource Energy is building a consolidation with a 69.01 buy point. See if the stock can clear the breakout price in heavy volume.
Eversource Energy reported 6% earnings growth in its most recent report, while sales growth came in at 10%. The next quarterly numbers are expected on or around Apr. 30.
Eversource Energy holds the No. 6 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR, TXNM Energy and OGE 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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