On Friday, Sable Offshore Cl A cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 72 the day before.
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IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Sable Offshore Cl A is building a cup without handle with a 35.00 buy point. See if it can break out in volume at least 40% above average.
The company posted 0% EPS growth last quarter, while sales growth came in at 0%.
Sable Offshore Cl A earns the No. 8 rank among its peers in the Oil & Gas-Integrated industry group. EQT, Imperial Oil and Antero Midstream are among the top 5 highly rated stocks 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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