On Thursday, National Fuel Gas earned an upgrade to its Relative Strength (RS) Rating, from 68 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest price moves. See if National Fuel Gas can continue to rebound and clear that threshold.
National Fuel Gas broke out earlier, but is now trading around 4% below the prior 89.82 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also understand that the most recent pattern is a later-stage base, and those involve more risk.
In terms of top and bottom line numbers, National Fuel Gas has posted four quarters of rising earnings growth. Sales gains have also increased over the same time frame. National Fuel Gas is expected to report its next quarterly numbers on or around Oct. 30.
National Fuel Gas holds the No. 1 rank among its peers in the Utility-Gas Distribution industry group. Atmos Energy and Northwest Natural are also among the group's highest-rated stocks.
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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