One important metric to look for in a stock is an 80 or higher Relative Strength Rating. DTE Energy now clears that threshold, with a jump from 80 to 83 Tuesday.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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DTE Energy is still within a buy zone after breaking past a 131.66 entry in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
DTE Energy posted -23% EPS growth in the latest quarterly report, while sales growth came in at 1%.
The company holds the No. 8 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Alliant Energy and Chesapeake Utilities are among the top 5 highly rated stocks within the group.
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