National Fuel Gas saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 79 to 82.
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IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
National Fuel Gas is trying to complete a flat base with an 89.82 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Regarding fundamentals, the company has posted rising EPS growth in each of the last four reports. Sales growth has also increased over the same time frame.
National Fuel Gas earns 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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