The Relative Strength (RS) Rating for Plains GP Holdings climbed into a new percentile Friday, with an increase from 80 to 83.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest climbs.
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Plains GP Holdings has moved more than 5% past a 19.31 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
While revenue growth fell last quarter from 11% to 6%, EPS grew 13%, up from -20% in the previous report. Keep an eye out for the company's next round of numbers on or around Feb. 7.
Plains GP Holdings earns the No. 2 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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