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

Energy Transfer Stock Shows Rising Relative Strength With Upgraded RS

Energy Transfer saw another positive improvement to its Relative Strength (RS) Rating on Monday after the close, rising from 62 to 74. Keep in mind it has not hit the magic number of 80+.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Energy Transfer can continue to rebound and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Energy Transfer is working on a consolidation with a 13.67 entry. It is the fourth consecutive consolidation pattern that it has created and cleared since last year. While the fundamentals are not stellar, see if the stock can break out again in continued heavy trading.

ET Earnings

Energy Transfer posted negative growth for both sales and earnings last quarter. Next earnings are due in early November.

Energy Transfer holds the No. 38 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Frontline and International Seaways 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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