Nextera Energy (NEE) had its Relative Strength (RS) Rating upgraded from 70 to 74 Thursday — a welcome improvement, but still shy of the 80 or higher score you look for.
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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks often have an 80 or better RS Rating as they launch their biggest price moves. See if Nextera Energy can continue to show renewed price strength and clear that threshold.
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Nextera Energy stock is working on a cup with handle with an 85.50 buy point. See if it can break out in heavy trading.
Earnings Notes
Earnings growth slowed in the most recent quarter from 12% to 3%. But revenue moved higher, from -9% to 15%. Keep an eye out for the company’s next round of numbers on or around Apr. 21.
Nextera Energy holds the No. 8 rank among its peers in the Utility-Electric Power industry group. Pampa Energia (PAM) and American Electric Power (AEP) are also among the group’s highest-rated stocks.
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Source: https://www.investors.com/research/stocks-with-rising-relative-strength-nextera-energy-2/?src=A00220&yptr=yahoo