Enbridge had its Relative Strength (RS) Rating upgraded from 69 to 72 Thursday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an 80 or better RS Rating as they begin their largest price moves. See if Enbridge can continue to show renewed price strength and hit that benchmark.
Enbridge is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could launch a new move.
Enbridge posted 12% earnings growth last quarter. Revenue gains came in at 31%.
Enbridge holds the No. 3 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. DT Midstream is the No. 1-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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