Large Inflow of Money Witnessed in Southwest Gas Corporation

Southwest Gas Corporation (SWX) : $4.88 million worth of transactions were on upticks in Southwest Gas Corporation (SWX), compared to $3.45 million on downticks. The ratio between the two was 1.42, whereas, the net money flow stood at a healthy $1.43 million on Thursdays session.The block trades show a bullish bias with only $1.02 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $2.34million worth of trades. The up-down ratio between the uptick and downtick was 2.3, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $1.32 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.17%. The stock was trading at $77.68, with a drop of $0.13 over the previous days close. The stock recorded -0.58% for the week.


Southwest Gas Corporation (SWX) : The consensus price target for Southwest Gas Corporation (SWX) is $66.75 for the short term with a standard deviation of $5.62. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $73, however, the pessimist price target for the company is $62. The stock has recorded a 20-day Moving Average of 1.3% and the 50-Day Moving Average is 7.58%.

Southwest Gas Corporation (NYSE:SWX): The stock opened at $77.55 on Thursday but the bulls could not build on the opening and the stock topped out at $77.90 for the day. The stock traded down to $76.38 during the day, due to lack of any buying support eventually closed down at $76.45 with a loss of -1.75% for the day. The stock had closed at $77.81 on the previous day. The total traded volume was 630,416 shares.

Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. The Company has two business segments: natural gas operations and construction services. The Company operates two pipeline transmission systems: a system, including a liquefied natural gas (LNG) storage facility owned by Paiute extending from the Idaho-Nevada border to the Reno, Sparks, and Carson City areas and communities in the Lake Tahoe area in both California and Nevada and other communities in northern and western Nevada, and a system extending from the Colorado River at the southern tip of Nevada to the Las Vegas distribution area. The natural gas operations segment includes acquiring and arranging delivery of natural gas to its system. The construction services segment consists of Centuri, which includes NPL Construction Co., Link-Line Contractors, W.S. Nicholls Construction and Brigadier Pipelines.

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