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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Spire Sees Relative Strength Rating Improve To 76

On Monday, Spire got an upgrade to its Relative Strength (RS) Rating, from 70 to 76.

IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Spire can continue to rebound and hit that benchmark.

How To Invest In Stocks In Both Bull And Bear Markets

Spire is now considered extended and out of buy range after clearing a 67.81 buy point in a first-stage double bottom. 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 line.

Spire showed 0% EPS growth in the latest quarterly report, while sales growth came in at -5%.

Spire earns the No. 4 rank among its peers in the Utility-Gas Distribution industry group. Atmos Energy is the No. 1-ranked stock 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

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