In a welcome move, BP ADR saw its Relative Strength Rating improve from 68 to 71 on Thursday.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of over 80 as they begin their biggest climbs. See if BP ADR can continue to rebound and clear that threshold.
BP ADR is not currently showing a potential entry point. See if the stock goes on to form a base that could kick off a new price move.
Although earnings and sales growth came in at -10% and -1%, respectively, in the latest report, that marked two straight quarters of acceleration for earnings and three for revenue.
BP ADR holds the No. 13 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream, EQT and Williams Cos 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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