DHT Holdings saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 70 to 78.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if DHT Holdings can continue to rebound and hit that benchmark.
DHT Holdings is working on a cup with handle with a 12.30 buy point. See if the stock can clear the breakout price in heavy trading.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 30%, compared to -7% in the prior report. Revenue increased from -19% to -15%.
DHT Holdings holds the No. 11 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, DT Midstream and Enbridge 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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