In a welcome move, Enbridge saw its Relative Strength Rating improve from 67 to 73 on Monday.
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an 80 or better RS Rating as they launch their biggest climbs. See if Enbridge can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
Enbridge is not currently near a potential buying area. See if the stock goes on to form a sound pattern that could spark a new run.
While sales growth fell last quarter from 51% to 44%, earnings-per-share grew 17%, up from -11% in the prior report.
Enbridge holds the No. 15 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Western Midstream Ptrs, Hess Midstream and MPLX are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
