Consolidated Edison had its Relative Strength (RS) Rating upgraded from 90 to 93 Friday.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or higher RS Rating at the beginning of a new run.
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While the stock is not near an ideal buy zone right now, see if it is able to form and break out of a proper chart pattern.
While earnings growth dropped last quarter from 4% to -2%, sales grew 7%, up from 6% in the previous report. Look for the next report on or around May 1.
Consolidated Edison earns the No. 4 rank among its peers in the Utility-Diversified industry group. Ameren Corp is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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