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Cheniere Energy Earns Relative Strength Rating Upgrade; Hits Key Threshold

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One important metric to look for in a stock is an 80 or higher Relative Strength Rating . Cheniere Energy ( LNG ) now clears that threshold, with a jump from 80 to 83 Wednesday.

[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.

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Cheniere Energy has moved more than 5% past a 51.61 entry in a first-stage flat base , meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

The company posted -202% earnings growth last quarter, while sales growth came in at 201%.

Cheniere Energy earns the No. 45 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Transportadora de Gas del Sur ( TGS ), Tesoro Logistics ( ANDX ) and Phillips 66 Partners ( PSXP ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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