Antero Midstream saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 68 to 73.
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This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Antero Midstream can continue to rebound and hit that benchmark.
Antero Midstream is working on a flat base with a 19.09 entry. See if it can clear the breakout price in volume at least 40% above average.
Earnings growth increased in the company's most recent report from 8% to 17%, but revenue fell from 10% to 4%. The company is expected to report its latest numbers on or around Jul. 30.
The company earns the No. 3 rank among its peers in the Oil & Gas-Integrated industry group. EQT is the No. 1-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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