On Monday, DHT Holdings earned a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their largest runs. See if DHT Holdings can continue to rebound and hit that benchmark.
DHT Holdings has climbed more than 5% past an 11.19 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted negative growth for both sales and earnings last quarter.
The company holds the No. 16 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. MPLX, Transportadora Gas ADR 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
