In a welcome move, Matador Resources saw its Relative Strength Rating rise from 67 to 71 on Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they launch their largest price moves. See if Matador Resources can continue to rebound and hit that benchmark.
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Matador Resources stock is trying to complete a cup with handle with a 65.44 buy point. See if the stock can clear the breakout price in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those involve more risk.
MTDR Earnings
Matador Resources posted negative growth for both sales and earnings last quarter. Matador Resources is expected to report its next quarterly numbers on or around Oct. 24.
Matador Resources stock earns the No. 13 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Diamondback Energy and Pioneer Natural Rscs are also among the group's highest-rated stocks.
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