One important metric to look for in a stock is an 80 or higher Relative Strength Rating. IDACORP cleared that benchmark Friday, with a jump from 78 to 81 Friday.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
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While IDACORP is not near an ideal entry right now, see if it is able to form and break out from a proper chart pattern.
IDACORP showed 2% earnings growth last quarter, while sales growth came in at 3%.
The company earns the No. 4 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR is the top-ranked stock within the group.
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