On Thursday, CMS Energy received an upgrade to its Relative Strength (RS) Rating, from 68 to 71.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if CMS Energy can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
CMS Energy is trying to complete a double bottom with a 71.35 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
CMS Energy showed -17% EPS growth in its most recent report. Sales gains came in at 2%.
CMS Energy earns the No. 5 rank among its peers in the Utility-Diversified industry group. Ameren Corp is the top-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
