EnLink Midstream had its Relative Strength (RS) Rating upgraded from 69 to 75 Thursday — a welcome improvement, but still below the 80 or higher score you prefer to see.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if EnLink Midstream can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
EnLink Midstream is trading within a buying range after clearing 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 buy range.
Top and bottom line growth moved higher last quarter. Earnings were up -42%, compared to -75% in the prior report. Revenue increased from -7% to 1%. The company is expected to report its latest earnings and sales numbers on or around Nov. 6.
The company earns the No. 21 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Energy Svcs of America, DT Midstream and Oneok are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
