The Relative Strength (RS) Rating for CMS Energy jumped into a new percentile Tuesday, with a rise from 79 to 83.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 as they launch their biggest runs.
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CMS Energy is still inside a buy range after moving past a 71.35 buy point in a double bottom. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
The company posted -17% earnings growth last quarter, while sales growth came in at 2%.
The company earns the No. 4 rank among its peers in the Utility-Diversified industry group. Ameren Corp is the top-ranked stock within the group.
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