Expand Energy saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 65 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Expand Energy can continue to rebound and clear that threshold.
Expand Energy is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could ignite a new run.
Regarding fundamentals, Expand Energy has posted rising EPS growth in each of the last three reports. Revenue growth has also risen over the same time frame. The company is expected to report its next quarterly numbers on or around Aug. 5.
The company holds the No. 14 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.
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!
