On Monday, CenterPoint Energy got an upgrade to its Relative Strength (RS) Rating, from 63 to 72.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if CenterPoint Energy can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
CenterPoint Energy is within a buy range after moving past a 30.63 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
CenterPoint Energy posted -23% EPS growth last quarter, while sales growth came in at 0%.
CenterPoint Energy holds the No. 18 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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