Frontline had its Relative Strength (RS) Rating upgraded from 62 to 78 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.
Can You Really Time The Stock Market?
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.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their biggest climbs. See if Frontline can continue to rebound and clear that threshold.
Frontline is within a buy zone after clearing a 19.86 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
The company posted negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Aug. 29.
The company earns the No. 21 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, Enbridge and DT Midstream 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:
Stocks With Rising Relative Strength Ratings
