Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

IBD Rating Upgrades: EnLink Midstream Shows Improved Technical Strength

EnLink Midstream had its Relative Strength (RS) Rating upgraded from 69 to 75 Thursday — a welcome improvement, but still below the 80 or higher score you prefer to see.

This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score 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 reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if EnLink Midstream can continue to rebound and clear that threshold.

How To Invest In Stocks In Both Bull And Bear Markets

EnLink Midstream is trading within a buying range after clearing a 14.80 buy point in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.

Top and bottom line growth moved higher last quarter. Earnings were up -42%, compared to -75% in the prior report. Revenue increased from -7% to 1%. The company is expected to report its latest earnings and sales numbers on or around Nov. 6.

The company earns the No. 21 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Energy Svcs of America, DT Midstream and Oneok are among the top 5 highly rated stocks within the group.

RELATED:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Ready To Grow Your Investing Skills? Join An IBD Meetup Group!

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.