NextDecade had its Relative Strength (RS) Rating upgraded from 89 to 94 Monday.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's unique RS Rating measures 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 all other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating of at least 80 as they begin their biggest climbs.
NextDecade is now considered extended and out of buy range after clearing an 8.60 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
NextDecade posted 0% EPS growth in its most recent report, while sales growth came in at 0%.
NextDecade earns the No. 7 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas, Atmos Energy and Excelerate Energy are among the top 5 highly rated stocks 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.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
