Southwest Gas Corp. stock trades under the ticker SWX & has shown recent bullishness that traders & investors should research further.
SWX stock closed at $86.63/share on 7/11/2022.
Southwest Gas Corp. SWX Stock’s Technical Performance Broken Down
SWX Stock Price: $86.63
10 Day Moving Average: $86.98
50 Day Moving Average: $89.42
200 Day Moving Average: $74.95
RSI: 46.02
MACD: -0.816
Yesterday, SWX stock completed a bullish MACD crossover, trading on below average volume compared to the year prior & settling below their 10 day moving average.
With a neutral RSI, there could be more momentum left in the tank to continue climbing higher in the near-term.
They will need to break above the $87.04 & $87.46/share resistance levels as they continue to climb higher.
Southwest Gas Corp. SWX Stock As A Long-Term Investment
Long-term oriented investors will like SWX stock’s valuation metrics, with a 29.47 P/E (ttm) & a 1.65 P/B (mrq).
They recently reported 43.1% Quarterly Revenue Growth Y-o-Y, with -18% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $624.7M of Total Cash (mrq) & $6.32B of Total Debt (mrq).
SWX stock pays a 2.76% dividend yield, which may not be sustainable in the long-term, as their payout ratio is 81.23%.
95.89% of SWX stock’s outstanding share float is owned by institutional investors.
Southwest Gas Corp. SWX Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from SWX stock’s price movements, while hedging against broader market volatility.
I am looking at the contracts with the 7/15 expiration date.
The $65, $80 & $85 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $95, $90 & $100 puts are also in-the-money, although quite illiquid, in order of most to least liquid.
Tying It All Together
SWX stock has many attributes that traders & investors are sure to find appealing.
Investors will like their valuation metrics, but may want to spend more time combing through their balance sheet to help them understand how long their dividend can remain so high.
Traders will like their current momentum, but may with that their options were a bit more liquid.
Overall, SWX stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF SWX STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***