The Relative Strength (RS) Rating for Xcel Energy jumped into a higher percentile Tuesday, as it got a lift from 69 to 72.
IBD's proprietary RS Rating tracks 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 the rest of the market.
History shows that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves. See if Xcel Energy can continue to rebound and hit that benchmark.
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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.
The company showed -35% earnings growth in its most recent report. Revenue increased 0%.
The company holds the No. 18 rank among its peers in the Utility-Diversified industry group. NiSource, MGE Energy and PG&E are among the top 5 highly rated stocks within the group.
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