MPLX Shows Rising Relative Price Performance; Still Shy Of Key Threshold

MPLX (MPLX) saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 69 to 72.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

History shows that the market’s biggest winners tend to 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 hit that benchmark.

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MPLX is trying to complete a consolidation with a 31.50 entry. See if the stock can clear the breakout price in volume at least 40% above average.

While the company’s top line growth fell last quarter from 136% to 15%, the bottom line grew 14%, up from 0% in the prior report.

MPLX earns the No. 18 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Oneok (OKE) and Rattler Midstream (RTLR) are also among the group’s highest-rated stocks.


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