Enbridge saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 80 to 85.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Enbridge is trying to complete a flat base with a 45.78 buy point. See if the stock can break out in volume at least 40% above average.
Earnings growth rose last quarter from -11% to 17%. But sales fell from 51% to 44%.
Enbridge holds the No. 8 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, Western Midstream Ptrs and Oneok are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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