Dominion Energy had its Relative Strength (RS) Rating upgraded from 68 to 71 Friday — a welcome improvement, but still below the 80 or better score you look for.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The grade 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 reveals that the best-performing stocks typically have an RS Rating north of 80 as they begin their largest runs. See if Dominion Energy can continue to show renewed price strength and clear that threshold.
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Dominion Energy is now considered extended and out of buy range after clearing a 52.56 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 line.
The company showed 25% earnings growth in its most recent report. Revenue gains came in at 3%.
Dominion Energy holds the No. 15 rank among its peers in the Utility-Diversified industry group. NiSource, Chesapeake Utilities and MGE Energy are among the top 5 highly rated stocks within the group.
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