On Tuesday, Avista earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 75.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against 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 typically have an 80 or higher RS Rating as they launch their biggest price moves. See if Avista can continue to show renewed price strength and clear that threshold.
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Avista stock is building a consolidation with a 47.00 entry. See if the stock can clear the breakout price in heavy volume. Just remember the current market conditions and be ready to exit any positions quickly.
Earnings Report
While the company's top line growth fell last quarter from 14% to 12%, earnings-per-share grew 1%, up from -16% in the prior report.
Avista earns the No. 26 rank among its peers in the Utility-Diversified industry group. Black Hills and South Jersey Industries are also among the group's highest-rated stocks.
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