TC Energy had its Relative Strength (RS) Rating upgraded from 68 to 75 Thursday — a welcome improvement, but still below the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if TC Energy can continue to show renewed price strength and clear that threshold.
TC Energy broke out earlier, but has fallen back below the prior 51.99 entry from a cup without handle. If a stock you're tracking breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the latest consolidation is a later-stage base, and such bases are more prone to failure.
In terms of top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Revenue growth has also moved higher over the same time frame.
The company holds the No. 6 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, 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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