In a welcome move, American Elec Power saw its Relative Strength Rating improve from 69 to 72 on Wednesday.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if American Elec Power can continue to rebound and hit that benchmark.
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American Elec Power is building a flat base with a 105.18 entry. See if the stock can break out in volume at least 40% above average.
American Elec Power posted 11% earnings growth in its most recent report. Revenue increased 1%.
American Elec Power earns the No. 5 rank among its peers in the Utility-Electric Power industry group. Empresa Distribuid ADR is the No. 1-ranked stock within the group.
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