Targa Resources saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 88 to 91.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their largest climbs.
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Targa Resources is not currently near a potential buy zone. See if the stock goes on to form a sound pattern that could ignite a new run.
While earnings-per-share growth decreased in the company's most recent performance report from 80% to 29%, revenue rose 4%, up from -1% in the previous report. Keep an eye out for the company's next round of numbers on or around May 1.
The company holds the No. 2 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Targa Resources is the top-ranked stock 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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