In a welcome move, FirstEnergy (FE) saw its Relative Strength Rating improve from 67 to 72 on Tuesday.
X When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their largest price moves. See if FirstEnergy can continue to rebound and clear that threshold.
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FirstEnergy is working on a cup with handle with a 39.92 entry. See if it can break out in volume at least 40% higher than normal.
The company showed -2% EPS growth last quarter, while sales growth came in at 3%.
FirstEnergy earns the No. 12 rank among its peers in the Utility-Electric Power industry group. AES (AES) and OGE Energy (OGE) are also among the group's highest-rated stocks.
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