On Monday, New Jersey Resources earned an upgrade to its Relative Strength (RS) Rating, from 69 to 74.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the best-performing stocks tend to have an RS Rating north of 80 as they launch their largest runs. See if New Jersey Resources can continue to show renewed price strength and hit that benchmark.
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New Jersey Resources is working on a flat base with a 51.95 buy point. See if it can clear the breakout price in heavy volume.
The company showed 74% earnings growth in the latest quarterly report, while sales growth came in at 5%.
New Jersey Resources holds the No. 2 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas is the top-ranked stock 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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