Evergy had its Relative Strength (RS) Rating upgraded from 68 to 71 Thursday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if Evergy can continue to rebound and hit that benchmark.
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Evergy broke out earlier, but has fallen back below the prior 62.58 entry from a flat base. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
Earnings-per-share growth fell last quarter from 11% to 7%, but revenue rose from 7% to 9%.
Evergy holds the No. 5 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR is the top-ranked stock within the group.
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