On Monday, Spire earned a positive adjustment to its Relative Strength (RS) Rating, from 80 to 84.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Spire is still inside a buy zone after breaking past a 73.64 entry in a cup without handle. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
The stock's relative strength line is in new high ground, which is a bullish indicator of market leadership.
The company reported negative growth for both sales and earnings last quarter.
The company earns the No. 4 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas is the top-ranked stock within the group.
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