Atmos Energy saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 80 to 85.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest climbs.
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Atmos Energy is trying to complete a cup without handle with a 152.65 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company posted 7% earnings growth in its most recent report. Revenue increased 2%.
Atmos Energy holds the No. 2 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas is the No. 1-ranked stock within the group.
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