In a welcome move, Antero Resources saw its Relative Strength Rating rise from 69 to 77 on Monday.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Antero Resources can continue to rebound and clear that threshold.
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While Antero Resources is not near a proper buy zone right now, see if it is able to form and break out of a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 205%, compared to 0% in the prior report. Revenue increased from -6% to -2%. The company is expected to report its latest earnings and sales numbers on or around Apr. 30.
The company earns the No. 14 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Gulfport Energy and LandBridge are among the top 5 highly rated stocks 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.
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