[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against 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 largest climbs. See if Nextera Energy can continue to rebound and clear that threshold.
Nextera Energy is now considered extended and out of buy range after clearing a 132.08 buy point in a first-stage consolidation . 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.
Nextera Energy posted 6% earnings growth in its most recent report, while sales growth came in at 0%.
Nextera Energy earns the No. 7 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.