DHT Holdings saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 71 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best-performing stocks tend to have an 80 or better RS Rating as they begin their biggest runs.
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DHT Holdings is not currently offering a proper buying opportunity. The reversal from the previous breakout attempt is not a particularly good sign, especially in the current market. See if the stock goes on to build a new base that could kick off a new climb.
Earnings growth rose last quarter from 0% to 483%, but the top line fell from 74% to 53%.
DHT Holdings earns the No. -1 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group.
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