The Relative Strength (RS) Rating for Pinnacle West Capital climbed into a new percentile Monday, with an increase from 78 to 81.
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest runs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Pinnacle West Capital broke out earlier, but has fallen back below the prior 91.56 entry from a flat base. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also keep in mind that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Pinnacle West Capital showed -4% earnings growth last quarter. Sales gains came in at 8%.
Pinnacle West Capital earns the No. 7 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR, Vistra and Talen Energy are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Price Performance?
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!
