We track 8 stocks in the Gas industry (part of Oil, Gas & Consumable Fuels), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 5 are still building a base; 1 broke out of a base in the last five sessions; and 2 broke out but fell back below the breakout level.
The middle stock in this industry has a relative strength reading of 48 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 7 ranked stocks sit above 48 and half below. 2 stocks have a reading of 70 or higher.
4 of the 7 stocks we could measure (57%) closed above their 200-day average price — the average close over the last 200 trading sessions.