On Friday, Xcel Energy reached a key performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 81, up from 78 the day before.
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Xcel Energy is building a flat base with a 73.38 entry. See if it can break out in heavy trading.
The company reported -35% earnings growth in the latest quarterly report. Sales rose 0%. The company is expected to report its latest results on or around Feb. 6.
The company holds the No. 16 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities, NiSource and Ameren Corp are among the top 5 highly rated stocks within the group.
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