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IBD Rating Upgrades: Plains Group Flashes Improved Price Strength

Plains Group (PAGP) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 69 to 74.

When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks compares to other publicly traded companies.

Decades of market research reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Plains Group can continue to rebound and clear that threshold.


See How IBD Helps You Make More Money In Stocks


Plains Group is building a cup with handle with a 12.19 entry. See if it can clear the breakout price in volume at least 40% higher than normal.

The company reported -233% EPS growth last quarter. Revenue gains came in at 85%.

The company earns the No. 36 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Oneok (OKE) and Cheniere Energy Partners (CQP) are also among the group’s highest-rated stocks.

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