The Relative Strength (RS) Rating for National Fuel Gas entered a higher percentile Tuesday, as it got a lift from 68 to 75.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their largest runs. See if National Fuel Gas can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
National Fuel Gas has risen more than 5% past a 57.60 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up -1%, compared to -2% in the prior report. Revenue increased from -3% to 1%.
The company earns the No. 3 rank among its peers in the Utility-Gas Distribution industry group. Atmos Energy is the top-ranked stock within the group.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
