PG&E saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 79 to 83.
As you try to find 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 performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of over 80 as they begin their biggest climbs.
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PG&E stock is not currently near a potential buying area. See if the stock goes on to form a chart pattern while at the same time breaking through the moving averages. These are things that could spark a new run in this challenging market.
While revenue growth fell last quarter from 12% to 10%, earnings-per-share grew 33%, up from 9% in the previous report. Utility stocks are often considered cyclical in nature, impacted by market conditions.
PG&E stock holds the No. 17 rank among its peers in the Utility-Diversified industry group. Centerpoint Energy and Chesapeake Utilities are also among the group's highest-rated stocks.
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