By INVESTOR’S BUSINESS DAILY
Copyright investors
In a welcome move, TC Energy (TRP) saw its Relative Strength Rating rise from 70 to 73 on Wednesday.
This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating north of 80 as they launch their largest runs. See if TC Energy can continue to show renewed price strength and clear that threshold.
While the stock is not near an ideal buy point right now, see if it manages to form and break out from a proper consolidation.
In terms of top and bottom line numbers, TC Energy has posted two quarters of rising earnings growth. Sales growth has also increased over the same time frame.
TC Energy earns the No. 5 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. DT Midstream (DTM) is the top-ranked stock within the group.
This article was created automatically with Stats Perform’s Wordsmith software using data and article templates supplied by Investor’s Business Daily. An IBD journalist may have edited the article.
