Southwest Gas Holdings had its Relative Strength (RS) Rating upgraded from 69 to 77 Monday — a welcome improvement, but still short of the 80 or better score you prefer to see.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 as they launch their largest runs. See if Southwest Gas Holdings can continue to rebound and clear that threshold.
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Southwest Gas Holdings is trying to complete a consolidation with an 80.28 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher last quarter. Earnings were up 16%, compared to -47% in the prior report. Revenue increased from -8% to -7%. Keep an eye out for the company's next round of numbers on or around May 7.
Southwest Gas Holdings holds the No. 9 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas, New Jersey Resources and Atmos Energy are among the top 5 highly rated stocks 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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