Pembina Pipeline saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 66 to 72.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating of above 80 as they begin their biggest climbs. See if Pembina Pipeline can continue to rebound and clear that threshold.
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Pembina Pipeline has risen more than 5% past a 36.17 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 5% earnings growth in its most recent report. Sales gains came in at 27%.
Pembina Pipeline earns the No. 9 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Energy Svcs of America, Oneok and DT Midstream are among the top 5 highly rated stocks within the group.
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