On Friday, MGE Energy earned an upgrade to its Relative Strength (RS) Rating, from 79 to 83.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of at least 80 as they begin their biggest climbs.
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While now is not an ideal time to jump in, see if the stock manages to form a base and break out.
While sales growth fell last quarter from 5% to 4%, earnings-per-share grew 11%, up from 8% in the previous report.
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.
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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