. Oneok had its Relative Strength (RS) Rating upgraded from 70 to 73 Monday — a welcome improvement, but still below the 80 or better score you prefer to see.
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Oneok can continue to show renewed price strength and clear that threshold.
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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.
Oneok reported 19% earnings growth in the latest quarterly report. Revenue rose 20%. The company is expected to report its latest earnings and sales numbers on or around Feb. 24.
The company holds the No. 3 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Western Midstream Ptrs is the top-ranked stock within the group.
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