| Southwest Gas (SWX) is in Overbought Territory: What's Next? | |
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Southwest Gas Corporation SWX has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because SWX is now in overbought territory with an RSI value of 81.73. What is RSI? RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present. Other Factors Yet SWX’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Southwest Gas’ stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of SWX’s prospects for the near term. Over the past two months, investors have witnessed 2 earnings estimate revisions lower compared to just none higher for the current year. The consensus estimate for SWX has also been on a downward trend over the same time period too, as the estimate has fallen from $3.13/share two months ago to just $3.10/share today. If this wasn’t enough, Southwest Gas also has a Zacks Rank #4 (Sell)which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SOUTHWEST GAS (SWX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Southwest Gas Corporation
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CODE : SWX |
ISIN : US8448951025 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Southwest gas corp. is based in United states of america. Southwest gas corp. is listed in United States of America. Its market capitalisation is US$ 3.5 billions as of today (€ 3.3 billions). Its stock quote reached its lowest recent point on October 04, 1991 at US$ 10.00, and its highest recent level on May 27, 2022 at US$ 95.62. Southwest gas corp. has 48 159 162 shares outstanding. |