Alliant Energy had its Relative Strength (RS) Rating upgraded from 69 to 78 Monday — a welcome improvement, but still below the 80 or higher score you look for.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History reveals that the best stocks often have an RS Rating north of 80 as they launch their largest runs. See if Alliant Energy can continue to rebound and clear that threshold.
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Alliant Energy is now considered extended and out of buy range after clearing a 56.26 buy point in a first-stage consolidation. 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 line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -11% to 10%. Revenue rose from -2% to 0%.
The company holds the No. 9 rank among its peers in the Utility-Diversified industry group. NiSource, PG&E and Chesapeake Utilities are among the top 5 highly rated stocks within the group.
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