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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Energy Transfer Stock Shows Market Leadership With Jump To 82 RS Rating

On Friday, Energy Transfer received an upgrade to its Relative Strength (RS) Rating, from 79 to 82.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.

History shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.

Looking For Winning Stocks? Try This Simple Routine

Energy Transfer is trading within a buy range after moving past a 13.67 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range, but we are not there yet. Interestingly, on the MarketSmith chart it shows recent insider buying.

The company reported negative growth for both sales and earnings last quarter.

Energy Transfer holds the No. 32 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Dorian LPG and Teekay Tankers are also among the group's highest-rated stocks.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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