Northwest Natural saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 68 to 72.
Can You Really Time The Stock Market?
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks tend to have an 80 or better RS Rating as they launch their largest climbs. See if Northwest Natural can continue to rebound and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buy zone in heavy trade.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 17% to 35%. Revenue rose from 4% to 14%.
The company holds the No. 6 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas, Excelerate Energy and Atmos 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.
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