On Friday, Atmos Energy reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 81, a rise from 78 the day before.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
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Atmos Energy is trying to complete a flat base with a 152.65 entry. See if it can clear the breakout price in volume at least 40% above average.
While earnings growth decreased in the company's most recently reported quarter from 15% to 8%, sales grew 12%, up from 6% in the previous report. The next quarterly results are expected on or around Feb. 4.
Atmos Energy earns the No. 1 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas and New Jersey Resources are also among the group's highest-rated stocks.
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