On Monday, MGE Energy reached a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the best stocks often have an RS Rating of at least 80 as they launch their biggest price moves.
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MGE Energy is building a consolidation with a 109.22 entry. See if it can break out in volume at least 40% above average.
Earnings growth increased last quarter from 8% to 11%. But revenue gains fell from 5% to 4%.
The company earns the No. 16 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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