Stocks With Rising Relative Strength: New Jersey Resources

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New Jersey Resources ( NJR ) saw a positive improvement to its Relative Strength ( RS ) Rating on Monday, rising from 68 to 74.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.

History reveals that the best-performing stocks tend to have an RS Rating of over 80 as they launch their biggest runs. See if New Jersey Resources can continue to show renewed price strength and hit that benchmark.

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New Jersey Resources is working on a flat base with a 44.40 buy point . See if the stock can break out in heavy trading.

Earnings growth rose last quarter from 33% to 54%, but sales fell from 28% to 16%. The company is expected to report its latest numbers on or around Nov. 17.

The company earns the No. 1 rank among its peers in the Utility-Gas Distribution industry group. Spire ( SR ) and RGC Resources ( RGCO ) are also among the group's highest-rated stocks.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: NJR , RS , SR , RGCO

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