Credit: Shutterstock photoIn a welcome move, MPLX ( MPLX ) saw its Relative Strength Rating rise from 66 to 71 on Friday.
[ibd-display-video id=2881825 width=50 float=left autostart=true] This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if MPLX can continue to show renewed price strength and clear that threshold.
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MPLX is building a consolidation with a 39.53 entry . See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth rose last quarter from 0% to 38%, but revenue fell from 31% to 17%.
The company earns the No. 2 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Transportadora de Gas del Sur ( TGS ) is the No. 1-ranked stock 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.
