NRG Energy saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 90 to 94.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they launch their largest runs.
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NRG Energy has moved more than 5% past an 87.58 entry in a second-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
NRG Energy showed 19% earnings growth last quarter. Revenue gains came in at -9%.
The company earns the No. 5 rank among its peers in the Utility-Diversified industry group. NiSource is the No. 1-ranked stock within the group.
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