On Monday, Xcel Energy cleared a noteworthy performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 82, up from 76 the day before.
This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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Xcel Energy is trying to complete a cup without handle with a 73.38 buy point. See if it can clear the breakout price in heavy trade.
The company reported negative growth for both the top and bottom lines last quarter.
The company earns the No. 14 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and Alliant Energy are among the top 5 highly rated stocks within the group.
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