In a welcome move, Chesapeake Utilities saw its Relative Strength Rating improve from 69 to 74 on Friday.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their largest price moves. See if Chesapeake Utilities can continue to rebound and clear that threshold.
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Chesapeake Utilities is working on a flat base with a 134.20 buy point. See if the stock can break out in heavy volume.
Earnings growth rose last quarter from -4% to 16%, but revenue fell from 23% to 22%.
Chesapeake Utilities holds the No. 1 rank among its peers in the Utility-Diversified industry group. NiSource and Ameren Corp are also among the group's highest-rated stocks.
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