On Tuesday, New Jersey Resources earned an upgrade to its Relative Strength (RS) Rating, from 70 to 76.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if New Jersey Resources can continue to rebound and hit that benchmark.
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New Jersey Resources is trying to complete a cup without handle with a 51.95 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
New Jersey Resources reported 74% earnings growth in the latest quarterly report. Sales gains came in at 5%.
New Jersey Resources earns 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.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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