In a welcome move, Sempra saw its Relative Strength Rating rise from 69 to 72 on Wednesday.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their largest runs. See if Sempra can continue to show renewed price strength and clear that threshold.
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Sempra is now considered extended and out of buy range after clearing a 78.83 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported negative growth for both the top and bottom lines last quarter.
The company earns the No. 10 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities, NiSource and MGE Energy are among the top 5 highly rated stocks within the group.
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