One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Sempra cleared that benchmark Monday, with a jump from 79 to 83 Monday.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of above 80 as they begin their biggest climbs.
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Sempra has climbed more than 5% past a 78.83 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Sempra posted negative growth for both sales and earnings last quarter.
Sempra holds the No. 5 rank among its peers in the Utility-Diversified industry group. NiSource is the No. 1-ranked stock within the group.
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