[ibd-display-video id=2102289 width=50 float=left autostart=true] This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of over 80 as they begin their biggest price moves. See if Entergy can continue to rebound and clear that threshold.
Entergy has moved more than 5% past a 78.00 entry in a first-stage double bottom , meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth picked up last quarter from 0% to 2%. But revenue gains fell from 6% to 4%.
The company holds the No. 8 rank among its peers in the Utility-Electric Power industry group. Edenor ( EDN ), Pampa Energia ( PAM ) and PNM Resources ( PNM ) are among the top 5 highly rated stocks within the group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.