South Bow had its Relative Strength (RS) Rating upgraded from 66 to 76 Wednesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves. See if South Bow can continue to show renewed price strength and clear that threshold.
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South Bow is working on a cup without handle with a 27.30 buy point. See if it can break out in heavy volume.
South Bow reported -53% earnings growth last quarter, while sales growth came in at 8%. The company is expected to report its latest earnings and sales numbers on or around Mar. 5.
The company earns the No. 23 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Western Midstream Ptrs, Hess Midstream and MPLX are among the top 5 highly rated stocks within the group.
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