In a welcome move, IDACORP saw its Relative Strength Rating improve from 70 to 73 on Thursday.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of over 80 as they launch their largest runs. See if IDACORP can continue to rebound and hit that benchmark.
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IDACORP is now considered extended and out of buy range after clearing a 105.24 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
IDACORP posted 2% EPS growth last quarter. Sales rose 3%.
The company holds the No. 4 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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