The Relative Strength (RS) Rating for MGE Energy entered a new percentile Monday, as it got a lift from 70 to 77.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if MGE Energy can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
MGE Energy is trying to complete a consolidation with a 109.22 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -16% to 8%. Revenue rose from -2% to 5%. The company is expected to report its latest results on or around Feb. 24.
The company holds the No. 14 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.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
