BP ADR had its Relative Strength (RS) Rating upgraded from 66 to 71 Friday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.
History reveals that the best-performing stocks often have an 80 or better RS Rating as they launch their largest price moves. See if BP ADR can continue to rebound and hit that benchmark.
BP ADR is not currently offering a proper buying opportunity. See if the stock goes on to build 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 improvement for earnings and three for the top line.
The company earns the No. 10 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream, EQT and Imperial Oil 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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