Plains All Amer Pipeline had its Relative Strength (RS) Rating upgraded from 70 to 76 Monday — a welcome improvement, but still short of the 80 or higher score you look for.
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 trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Plains All Amer Pipeline can continue to show renewed price strength and hit that benchmark.
Can You Really Time The Stock Market?
Plains All Amer Pipeline broke out earlier, but has fallen back below the prior 19.17 entry from a consolidation. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also understand that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Plains All Amer Pipeline showed 6% EPS growth in the latest quarterly report, while sales growth came in at 6%. Look for the next report on or around Feb. 7.
Plains All Amer Pipeline earns the No. 16 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Western Midstream Ptrs, Oneok and DT Midstream are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing 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!
