CenterPoint Energy had its Relative Strength (RS) Rating upgraded from 70 to 73 Monday — a welcome improvement, but still below the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an 80 or better RS Rating as they begin their largest climbs. See if CenterPoint Energy can continue to show renewed price strength and clear that threshold.
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CenterPoint Energy is now considered extended and out of buy range after clearing a 30.63 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported -23% earnings growth in the latest quarterly report. Sales rose 0%.
The company holds the No. 16 rank among its peers in the Utility-Diversified industry group. NiSource, Chesapeake Utilities and PG&E are among the top 5 highly rated stocks within the group.
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