TwinTrader.com announces the publication of a breakout for Laclede Group Inc. (NYSE: LG), an excerpt highlighting public companies on the move and what’s behind the stock activity.
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The Laclede Group Inc., a utility holding company, engages in the retail distribution and sale of natural gas in eastern Missouri. The company services approximately 630,000 residential, commercial and industrial customers in the City of St. Louis and parts of 10 other counties.
The breakout featuring investors outlook on the utility market, as well as LG’s technicals. The author writes:
“As a utility, investors investing in a declining market look to safer, lower beta stocks. Utilities fall into this category. Additionally, utilities pay dividends, 3% in the case of Laclede Gas. The recent surge in the stock may be attributable to the flight to safety. Along with Treasuries and gold, utilities are typically the recipient of “safe money” in times of uncertainty. The fundamentals for the company are predictably solid. Long-term debt is very low; cash flow is good; and the stock’s return on equity is 13.5%. … Shares of Laclede Gas have performed well on relative overall market strength. The stock has traded within an upwardly sloped ban, and now is reaching its upper ban. The RSI is neutral, but the MACD is stands at a bullish 0.327 reading. The 50-day moving average trends parallel to its 200-day moving average, indicating steady and tight ascending daily trading activity.”
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