On Wednesday, Enbridge earned a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Enbridge is working on a flat base with a 44.13 entry. See if the stock can break out in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -15% to -11%. Revenue rose from 9% to 51%. Keep an eye out for the company's next round of numbers on or around Feb. 7.
Enbridge earns the No. 15 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Oneok, Energy Transfer and Western Midstream Ptrs are among the top 5 highly rated stocks within the group.
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