When building your watch list, focus on stocks with an 80 or higher RS Rating. Excelerate Energy stock now meets that criteria, with an increase from 64 to 84 Thursday.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Excelerate Energy Stock A Buy?
Excelerate Energy had a failed cup with handle pattern. While the utility stock is not near an ideal buy zone right now, see if it is able to form and break out of a proper base.
While the company's top line growth fell last quarter from 259% to 223%, the bottom line grew 200%, up from -61% in the previous report.
Excelerate Energy stock holds the No. 6 rank among its peers in the Utility-Gas Distribution industry group. Atmos Energy and RGC Resources are also among the group's highest-rated stocks.
