The Relative Strength (RS) Rating for Ameren Corp entered a new percentile Friday, with a rise from 79 to 84.
IBD's proprietary rating 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.
History reveals that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
Ameren Corp is now considered extended and out of buy range after clearing a 76.15 buy point in a first-stage cup without handle. 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.
Earnings-per-share growth decreased last quarter from 8% to -9%, but revenue rose from -4% to 5%.
Ameren Corp holds the No. 4 rank among its peers in the Utility-Diversified industry group. NiSource is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
