One important metric to look for in a stock is an 80 or higher Relative Strength Rating. NiSource just hit that mark, with a jump from 77 to 81 Friday.
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IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
NiSource is in a buy zone after moving past a 41.45 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
NiSource showed 5% earnings growth in its most recent report, while sales growth came in at 18%.
NiSource earns the No. 2 rank among its peers in the Utility-Diversified industry group. WEC Energy Group 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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