When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Xcel Energy just cleared that benchmark with an upgrade from 78 to 81.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
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Xcel Energy is now considered extended and out of buy range after clearing a 61.90 buy point in a first-stage cup with 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 line.
Xcel Energy posted -35% earnings growth last quarter. Sales rose 0%.
The company holds the No. 18 rank among its peers in the Utility-Diversified industry group. NiSource, Chesapeake Utilities and PG&E are among the top 5 highly rated stocks within the group.
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