The Relative Strength (RS) Rating for Oneok climbed into a new percentile Monday, with an increase from 79 to 82.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Oneok is now considered extended and out of buy range after clearing an 83.31 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up 33%, compared to 19% in the prior report. Revenue increased from 20% to 34%.
Oneok holds the No. 1 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream and Transportadora Gas ADR are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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