The Relative Strength (RS) Rating for Ameren Corp climbed into a new percentile Wednesday, as it got a lift from 69 to 72.
This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or better RS Rating as they launch their biggest price moves. See if Ameren Corp can continue to show renewed price strength and clear that threshold.
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Ameren Corp has climbed more than 5% past a 76.15 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 8% last quarter, up from -2% in the prior report. Revenue also increased, from -12% to -4%. The next quarterly results are expected on or around Nov. 6.
The company earns the No. 8 rank among its peers in the Utility-Diversified industry group. NiSource, NRG Energy and PG&E are among the top 5 highly rated stocks within the group.
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