In a welcome move, Chesapeake Utilities saw its Relative Strength Rating rise from 63 to 72 on Tuesday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Chesapeake Utilities can continue to show renewed price strength and clear that threshold.
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Chesapeake Utilities is trying to complete a flat base with a 134.20 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth rose last quarter from -4% to 16%. But sales fell from 23% to 22%. Look for the next report on or around Feb. 19.
The company holds the No. 1 rank among its peers in the Utility-Diversified industry group. Ameren Corp and NorthWestern Energy Group are also among the group's highest-rated stocks.
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