The Relative Strength (RS) Rating for ONE Gas headed into a new percentile Wednesday, as it got a lift from 70 to 73.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the best stocks typically have an RS Rating of over 80 as they launch their biggest runs. See if ONE Gas can continue to show renewed price strength and clear that threshold.
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ONE Gas is within a buying range after climbing above a 74.99 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..
Earnings growth slowed in the most recent report from -17% to -24%. But sales moved higher, from -11% to 1%.
ONE Gas earns the No. 7 rank among its peers in the Utility-Gas Distribution industry group. Excelerate Energy, Atmos Energy and National Fuel Gas are among the top 5 highly rated stocks within the group.
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