Targa Resources had its Relative Strength (RS) Rating upgraded from 64 to 71 Tuesday — a welcome improvement, but still short of the 80 or higher score you look for.
Can You Really Time The Stock Market?
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating as they launch their biggest climbs. See if Targa Resources can continue to rebound and clear that threshold.
Targa Resources is not currently showing a potential entry point. See if the stock goes on to form a promising consolidation that could launch a new move.
The company reported -21% earnings growth last quarter, while sales growth came in at 0%.
The company earns the No. 3 rank among its peers in the Oil & Gas-Refining/Marketing industry group. UGI 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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