On Thursday, Imperial Oil reached a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 78 the day before.
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IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
Imperial Oil is working on a consolidation with an 80.17 entry. See if the stock can clear the breakout price in heavy volume.
In terms of fundamental health, the company has posted two quarters of rising earnings growth. Sales gains have also moved higher over the same time frame.
Imperial Oil earns the No. 3 rank among its peers in the Oil & Gas-Integrated industry group. EQT is the No. 1-ranked stock 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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