In a welcome move, California Resources saw its Relative Strength Rating improve from 62 to 72 on Friday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their largest climbs. See if California Resources can continue to rebound and clear that threshold.
California Resources is working on a cup with handle with a 53.11 buy point. See if it can clear the breakout price in heavy volume.
Earnings growth rose last quarter from 43% to 83%. But revenue gains fell from 101% to 90%.
The company holds the No. 1 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. SandRidge Energy and BKV 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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