The Relative Strength (RS) Rating for Sempra climbed into a new percentile Thursday, as it got a lift from 65 to 72.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves. See if Sempra can continue to show renewed price strength and hit that benchmark.
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Sempra is now considered extended and out of buy range after clearing a 78.83 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 7 rank among its peers in the Utility-Diversified industry group. NiSource, NRG Energy and MGE Energy are among the top 5 highly rated stocks within the group.
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