Golar LNG had its Relative Strength (RS) Rating upgraded from 77 to 83 Friday.
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IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best-performing stocks often have an RS Rating of above 80 as they launch their biggest price moves.
Golar LNG is trying to complete a consolidation with a 44.36 entry. See if it can clear the breakout price in heavy volume.
Earnings grew -40% last quarter, up from -85% in the prior report. Revenue also increased, from -4% to 17%.
The company earns the No. 15 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.
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