Constellation Energy stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 80 to 85.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Constellation Energy Stock A Buy?
Constellation Energy stock recently dipped below its 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone and the stock market outlook is under pressure. See if the stock manages to offer and clear a proper buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The alternative energy firm showed -23% earnings growth in its most recent report. Sales increased 33%.
Constellation Energy stock holds the No. 11 rank among its peers in the Energy-Alternative/Other industry group. Enlight Renewable Energy and Rex American Resources are also among the group's highest-rated stocks.
