In a welcome move, Energy Transfer saw its Relative Strength Rating improve from 69 to 73 on Thursday.
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IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Energy Transfer can continue to show renewed price strength and hit that benchmark.
Energy Transfer is building a consolidation with a 21.45 entry. See if it can clear the breakout price in volume at least 40% above average.
Earnings grew 13% last quarter, up from -22% in the prior report. Revenue also increased, from -5% to -3%.
The company earns the No. 18 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, MPLX and Transportadora Gas ADR 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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