Duke Energy saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 65 to 75.
IBD's unique rating tracks share price action 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 shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Duke Energy can continue to rebound and clear that threshold.
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Duke Energy is working on a cup without handle with a 121.25 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company showed 10% EPS growth in its most recent report. Revenue gains came in at 2%.
The company earns the No. 14 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and Alliant Energy are among the top 5 highly rated stocks within the group.
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