The Relative Strength (RS) Rating for Atmos Energy headed into a higher percentile Tuesday, as it got a lift from 70 to 77.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
History reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Atmos Energy can continue to show renewed price strength and hit that benchmark.
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Atmos Energy is trying to complete a flat base with a 152.65 entry. See if it can clear the breakout price in heavy trading.
While the company's bottom line growth fell in the company's most recently reported quarter from 15% to 8%, the top line grew 12%, up from 6% in the prior report. Keep an eye out for the company's next round of numbers on or around Feb. 4.
Atmos Energy holds the No. 1 rank among its peers in the Utility-Gas Distribution industry group. New Jersey Resources and National Fuel Gas are also among the group's highest-rated stocks.
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