NiSource saw its IBD SmartSelect Composite Rating rise to 97 Thursday, up from 90 the day before.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength.
NiSource is currently forming a flat base, with a 41.45 entry. Look for the stock to break out in volume at least 40% above average.
One weak spot is the company's 75 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported 15% earnings growth for Q1. Top line growth increased 28%, up from 12% in the prior report. The company has now posted accelerating growth in each of the last five quarters.
NiSource earns the No. 2 rank among its peers in the Utility-Diversified industry group. Ameren 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.
