MPLX saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 78 to 83.
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IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
MPLX is working on a consolidation with a 54.87 buy point. See if the stock can break out in heavy trading.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -3% to 12%. Revenue rose from 3% to 10%.
MPLX holds the No. 3 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream 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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