On Friday, Antero Midstream reached a key performance benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 83, up from 79 the day before.
IBD's unique rating tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves.
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Antero Midstream is now considered extended and out of buy range after clearing a 16.00 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Antero Midstream saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 8%. Revenue rose from 2% to 10%.
The company earns the No. 2 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream is the No. 1-ranked stock within the group.
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