Atmos Energy Corporation (ATO)

Purchase Info

Stock Price History

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Our View

Atmos Energy is one of the largest natural gas distributors in the US. It serves some 3 million customers across 9 different states. Texas is the largest source of earnings for Atmos. Additionally, the company also has a 5700-mile gas pipeline across important shale gas formation states. Atmos Energy has a strong track record of growing earnings as well as dividends consistently. The demand for energy from gas is also expected to stay strong. Therefore, the long-term prospects of the company look bright.

The Long term monthly chart for Atmos Energy shows a rather clean uptrend that faced pullbacks in 2016, late-2017, and early-2018 and the longest retracement period in 2020. In 2020, the price fell by close to 30%. In February 2021, the price touched the bottom of the long-term trend before bouncing back up. It now looks likely to test the $102-$103 levels. A minimum stop loss can be placed below the bottom of the long-term trend at around $85 level.

Position entered into our long-term tracking portfolio today. The entry point is at $89.67, with the stop loss at $76.50, which is 15% below the entry point. The short-term to medium take profit is at the top of the trend set at $122.12, giving a gain of 36%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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