Southwest Gas Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 69 to 74.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if Southwest Gas Holdings can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
While it's not currently an ideal time to jump in, see if the stock is able to establish and enter a buying range in heavy volume.
While the company's bottom line growth decreased in the company's most recently reported quarter from -43% to -47%, sales rose -8%, up from -9% in the previous report.
Southwest Gas Holdings earns the No. 8 rank among its peers in the Utility-Gas Distribution industry group. Atmos Energy, Excelerate Energy and National Fuel Gas are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
