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Is New Jersey Resources Corp (NJR) Ready to Breakout?

Zacks Equity Research

New Jersey Resources Corp ( NJR ) may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. NJR just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock.

You could definitely argue that this has already started to take place, as shares of NJR have jumped by 5.3% in the trailing 4 weeks. If that wasn’t enough, the company currently possesses a Zacks Rank #2 (Buy), so it could have more room to run in the weeks ahead too.

NEW JERSEY RESOURCES CORP (NJR): Free Stock Analysis Report

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