When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Exelon just met that criteria with a new score of 84.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
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Exelon is now considered extended and out of buy range after clearing a 39.88 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth rose last quarter from 6% to 7%. But sales fell from 3% to 2%.
Exelon holds the No. 11 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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