The Relative Strength (RS) Rating for Enterprise Pdts Partners jumped into a higher percentile Wednesday, as it got a lift from 70 to 74.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves. See if Enterprise Pdts Partners can continue to rebound and hit that benchmark.
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Enterprise Pdts Partners is now considered extended and out of buy range after clearing a 30.05 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Enterprise Pdts Partners posted 8% EPS growth in the latest quarterly report, while sales growth came in at 15%.
The company earns the No. 6 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Energy Svcs of America, Oneok and DT Midstream are among the top 5 highly rated stocks within the group.
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