The Relative Strength (RS) Rating for Southern moved into a new percentile Monday, as it got a lift from 67 to 74.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade 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 reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Southern can continue to show renewed price strength and clear that threshold.
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Southern has moved more than 5% past an 80.84 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Southern posted 1% earnings growth in the latest quarterly report, while sales growth came in at 4%.
The company earns the No. 12 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR, Vistra and Talen Energy are among the top 5 highly rated stocks within the group.
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