When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. South Bow just met that criteria with a new score of 83.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
South Bow is building a consolidation with a 27.60 entry. See if the stock can break out in heavy volume.
Earnings growth rose in the company's latest report from -33% to 20%, but the top line fell from 0% to -10%. The company is expected to report its latest results on or around May 15.
South Bow holds the No. 11 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Transportadora Gas ADR, Enbridge and DT Midstream 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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