Hess stock had its Relative Strength (RS) Rating upgraded from 68 to 71 Monday -- a welcome improvement, but still short of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Hess stock can continue to rebound and hit that benchmark.
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Is Hess Stock A Buy?
Hess stock is building a cup with handle with a 150.19 entry. See if it can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The oil & gas exploration firm posted -13% earnings growth last quarter, while sales growth came in at 3%. The next quarterly results are expected on or around Jul. 26.
Hess stock earns the No. 4 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Woodside Energy ADR and Murphy Oil are also among the group's highest-rated stocks.
