MPLX had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if MPLX can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
MPLX is in a buy range after clearing a 45.24 entry in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
MPLX showed 13% earnings growth last quarter, while sales growth came in at 2%.
MPLX earns the No. 6 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Energy Svcs of America, Oneok and Western Midstream Ptrs 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!
