On Tuesday, Houston American Energy earned an upgrade to its Relative Strength (RS) Rating, from 70 to 78.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest runs. See if Houston American Energy can continue to show renewed price strength and clear that threshold.
Houston American Energy is not currently showing a potential entry point. See if the stock goes on to form a chart pattern that could ignite a new run.
The company reported 0% EPS growth in the latest quarterly report, while sales growth came in at -33%.
The company earns the No. 9 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Woodside Energy ADR, Ovintiv and ConocoPhillips 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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