Southwest Gas Holdings saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 66 to 75.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their largest runs. See if Southwest Gas Holdings can continue to show renewed price strength and clear that threshold.
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Southwest Gas Holdings is working on a cup with handle with a 78.92 buy point. See if the stock can break out in heavy trade.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 16%, compared to -47% in the prior report. Revenue increased from -8% to -7%.
The company holds the No. 8 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas, New Jersey Resources and Excelerate 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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