On Wednesday, APA got an upgrade to its Relative Strength (RS) Rating, from 70 to 76.
Can You Really Time The Stock Market?
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if APA can continue to show renewed price strength and clear that threshold.
APA is not currently showing a potential buy point. See if the stock goes on to build a sound pattern that could launch a new move.
The company posted negative growth for both sales and earnings last quarter.
The company earns the No. 1 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Ovintiv and Vista Energy ADR 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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