Gulfport Energy had its Relative Strength (RS) Rating upgraded from 89 to 92 Thursday before the market opened. And before the stock dropped over 10 percent, after a third attempt at breaking out.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of above 80 at the beginning of a new price run.
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Gulfport Energy broke out earlier, but is now approximately 9% below the prior 102.58 entry from a cup without handle. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
GPOR Earnings
The company posted -66% EPS growth in the latest quarterly report. Sales gains came in at 27%.
Gulfport Energy earns the No. 4 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Riley Exploration Permn and Northern Oil & Gas are among the top 5 highly rated stocks within the group.
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