The Relative Strength (RS) Rating for OGE Energy entered a new percentile Monday, with an increase from 80 to 86.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves.
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OGE Energy is within a buying range after climbing above a 43.62 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Earnings grew 113% last quarter, up from -9% in the prior report. Revenue also increased, from 2% to 34%.
OGE Energy earns the No. 2 rank among its peers in the Utility-Electric Power industry group. Vistra is the top-ranked stock within the group.
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