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Investors Business Daily
Investors Business Daily
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INVESTOR'S BUSINESS DAILY

EnLink Midstream Scores Relative Strength Rating Upgrade; Hits Key Threshold

EnLink Midstream saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 78 to 81.

IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.

Risk Management In The Stock Market: How Much Money To Invest Now

EnLink Midstream is still inside a buy range after moving past a 14.80 buy point in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.

Earnings grew -42% last quarter, up from -75% in the prior report. Revenue also increased, from -7% to 1%. Look for the next report on or around Nov. 6.

EnLink Midstream holds the No. 21 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Energy Svcs of America, Oneok and Western Midstream Ptrs are among the top 5 highly rated stocks within the group.

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