When building your watch list, look for stocks with an 80 or higher RS Rating. Plains GP Holdings just cleared that benchmark with an upgrade from 78 to 81.
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 performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
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Plains GP Holdings is now considered extended and out of buy range after clearing a 19.31 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.
Earnings growth increased in the company's latest report from -20% to 13%, but sales fell from 11% to 6%. Look for the next report on or around Feb. 7.
Plains GP Holdings holds the No. 3 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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