Kinder Morgan saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 68 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.
Decades of market research reveals that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if Kinder Morgan can continue to rebound and clear that threshold.
Kinder Morgan is trying to complete a consolidation with a 31.48 entry. See if it can clear the breakout price in heavy trading.
Top and bottom line growth moved higher last quarter. Earnings were up 12%, compared to 0% in the prior report. Revenue increased from 10% to 13%.
The company holds the No. 10 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, Navigator Holdings and MPLX 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
