Imperial Oil had its Relative Strength (RS) Rating upgraded from 61 to 72 Tuesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their largest climbs. See if Imperial Oil can continue to rebound and hit that benchmark.
Imperial Oil is trying to complete a consolidation with an 80.17 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Taking a look at top and bottom line numbers, the company has posted two quarters of accelerating earnings growth. Sales gains have also risen during the same period.
The company holds the No. 4 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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