South Bow had its Relative Strength (RS) Rating upgraded from 67 to 71 Friday — a welcome improvement, but still short of the 80 or higher score you look for.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if South Bow can continue to show renewed price strength and hit that benchmark.
South Bow has moved more than 5% past a 27.60 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -15% to 24%. Revenue rose from -8% to -5%.
The company holds the No. 6 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. DT Midstream, Enbridge and TC Energy 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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