LibertyOilfieldSv A Scores Relative Strength Rating Upgrade; Hits Key Threshold
On Monday, LibertyOilfieldSv A earned an upgrade to its Relative Strength (RS) Rating, from 76 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern.
Top and bottom line growth moved higher last quarter. Earnings were up 47%, compared to 0% in the prior report. Revenue increased from 17% to 558%. The next quarterly numbers are expected on or around Oct. 27.
LibertyOilfieldSv A earns the No. 9 rank among its peers in the Oil & Gas-Field Services industry group. Halliburton and Schlumberger are also among the group's highest-rated stocks.