Alliant Energy saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 74 to 82.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves.
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Alliant Energy is working on a flat base with a 64.19 buy point. See if it can break out in heavy trade.
Regarding fundamentals, Alliant Energy has posted rising EPS growth over the last two quarters. Revenue growth has also risen during the same period.
Alliant Energy holds the No. 2 rank among its peers in the Utility-Diversified industry group. Ameren Corp is the No. 1-ranked stock within the group.
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