In a welcome move, Western Midstream Ptrs saw its Relative Strength Rating improve from 69 to 74 on Friday.
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Western Midstream Ptrs can continue to rebound and hit that benchmark.
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Western Midstream Ptrs is working on a consolidation with a 42.80 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Western Midstream Ptrs reported 6% EPS growth in its most recent report, while sales growth came in at 14%.
The company holds the No. 2 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Oneok is the top-ranked stock within the group.
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