On Friday, Black Hills received an upgrade to its Relative Strength (RS) Rating, from 70 to 73.
IBD's proprietary rating tracks market leadership 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.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest price moves. See if Black Hills can continue to rebound and clear that threshold.
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Black Hills is now considered extended and out of buy range after clearing a 58.80 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings-per-share growth fell in the company's latest report from -6% to -48%, but sales rose from -2% to -1%.
Black Hills holds the No. 23 rank among its peers in the Utility-Diversified industry group. NiSource, Chesapeake Utilities and MGE Energy are among the top 5 highly rated stocks within the group.
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