Oneok Inc had its Relative Strength (RS) Rating upgraded from 68 to 71 Tuesday -- a welcome improvement, but still short of the 80 or higher score you look for.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Oneok Inc can continue to show renewed price strength and clear that threshold.
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Oneok Inc is trying to complete a double bottom with a 68.80 entry. See if the stock can break out in volume at least 40% higher than normal.
Oneok Inc posted 13% EPS growth in the latest quarterly report, while sales growth came in at -38%.
Oneok Inc holds the No. 14 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Frontline and International Seaways are also among the group's highest-rated stocks.
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