In a welcome move, Ameren Corp saw its Relative Strength Rating improve from 65 to 73 on Monday.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Ameren Corp can continue to show renewed price strength and clear that threshold.
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Ameren Corp has climbed more than 5% past a 76.15 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth slowed last quarter from 8% to -9%. But sales moved higher, from -4% to 5%.
The company holds the No. 7 rank among its peers in the Utility-Diversified industry group. NiSource, MGE Energy and PG&E are among the top 5 highly rated stocks within the group.
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