In a welcome move, CNX Resources saw its Relative Strength Rating rise from 68 to 76 on Tuesday.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating of over 80 in the early stages of their moves. See if CNX Resources can continue to show renewed price strength and clear that threshold.
CNX Resources is trying to complete a cup without handle with a 41.93 entry. See if the stock can clear the breakout price in heavy trading.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -14% to 76%. Revenue rose from -86% to -79%. The next quarterly numbers are expected on or around Jul. 24.
CNX Resources holds the No. 7 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Venture Global, California Resources and Antero Resources 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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