APA saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 69 to 78.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest price moves. See if APA can continue to show renewed price strength and clear that threshold.
While it's not currently an ideal time to jump in, see if the stock manages to offer and clear an appropriate buy point.
APA posted negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Oct. 29.
The company earns the No. 1 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Murphy Oil and Ovintiv are also among the group's highest-rated stocks.
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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