WEC Energy Group had its Relative Strength (RS) Rating upgraded from 67 to 71 Wednesday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 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. See if WEC Energy Group can continue to show renewed price strength and hit that benchmark.
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WEC Energy Group is working on a flat base with a 102.79 buy point. See if the stock can break out in heavy trading.
Earnings growth increased last quarter from -27% to -24%, but the top line fell from -3% to -5%. The next quarterly results are expected on or around Feb. 4.
The company holds the No. 10 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities, NiSource and PG&E are among the top 5 highly rated stocks within the group.
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