We track 26 stocks in the Power industry, each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 22 are still building a base; and 4 are not in a base we recognise.
The middle stock in this industry has a relative strength reading of 27 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 23 ranked stocks sit above 27 and half below. 2 stocks have a reading of 70 or higher.
5 of the 23 stocks we could measure (22%) closed above their 200-day average price — the average close over the last 200 trading sessions.