On Friday, DTE Energy cleared an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal entry right now, see if it manages to form and break out of a proper base.
DTE Energy reported -23% earnings growth in the latest quarterly report. Sales gains came in at 1%. The company is expected to report its latest results on or around Apr. 24.
The company earns the No. 5 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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