On Tuesday, Duke Energy got an upgrade to its Relative Strength (RS) Rating, from 68 to 71.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their largest climbs. See if Duke Energy can continue to show renewed price strength and clear that threshold.
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Duke Energy has climbed more than 5% past a 104.87 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Duke Energy reported -16% EPS growth in its most recent report, while sales growth came in at 2%.
The company earns the No. 10 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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