On Monday, NiSource earned an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
IBD's unique RS Rating identifies 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.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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NiSource has climbed more than 5% past a 29.44 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth fell last quarter from 91% to 5%. But revenue gains moved higher, from 0% to 5%.
The company earns the No. 1 rank among its peers in the Utility-Diversified industry group. MGE Energy and PG&E are also among the group's highest-rated stocks.
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