In a welcome move, MPLX saw its Relative Strength Rating improve from 70 to 73 on Friday.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest runs. See if MPLX can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
MPLX is still within a buying range after clearing a 45.24 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
MPLX posted 13% earnings growth in the latest quarterly report. Revenue rose 2%.
MPLX earns the No. 4 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Oneok is the No. 1-ranked stock within the group.
RELATED:
Which Stocks Are Showing 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!
