Houston American Energy saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 67 to 79.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Houston American Energy can continue to rebound and clear that threshold.
While the stock is not near a proper entry right now, see if it manages to form and break out from a proper base.
The company posted 0% EPS growth in the latest quarterly report. Sales increased -33%.
Houston American Energy earns the No. 8 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Woodside Energy ADR, ConocoPhillips and Vista Energy ADR 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:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
