Marathon Oil Stock Joins Elite Club With RS Ratings Over 90 As Prices Soar
Marathon Oil had its Relative Strength (RS) Rating upgraded from 88 to 93 Tuesday. Marathon Oil stock is working on a consolidation with a 14.43 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The oil industry has seen a surge recently as the price of crude rises.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to 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 tend to have an RS Rating north of 80 at the beginning of a new climb.
Marathon Oil Stock Benefits From Rising Earnings
Top and bottom line growth jumped significantly in the company's most recent quarter. Marathon Oil's earnings were up 136%, compared to 0% in the prior report. Revenue increased from -13% to 320%.
The company holds the No. 6 rank among its peers in the Oil & Gas-Integrated industry group. PetroChina, AnteroMidstreamCorp and Equinor ASA Adr are among the top 5 highly rated stocks within the group.