The Relative Strength (RS) Rating for South Bow moved up into a higher percentile Friday, as it got a lift from 67 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if South Bow can continue to rebound and clear that threshold.
South Bow broke out earlier, but has fallen back below the prior 27.60 entry from a consolidation. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also keep in mind that the latest pattern is a later-stage base, and those involve more risk.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 24%, compared to -15% in the prior report. Revenue increased from -8% to -5%.
South Bow holds the No. 8 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, Navigator Holdings 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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