Markets

Stocks Showing Improved Relative Strength: American States Water

Shutterstock photo

The Relative Strength ( RS ) Rating for American States Water ( AWR ) entered a new percentile Wednesday, as it got a lift from 67 to 74.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest runs. See if American States Water can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

American States Water is now considered extended and out of buy range after clearing a 51.85 buy point in a first-stage flat base . 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 moving average.

American States Water posted -3% earnings growth last quarter. Sales increased 0%. Look for the next report on or around Feb. 23.

The company earns the No. 3 rank among its peers in the Utility-Water Supply industry group. ( WTTR ) is the top-ranked stock within the group.

RELATED:

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WTTR RS AWR

Other Topics

Stocks