When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Scorpio Tankers just met that criteria with a new score of 87.
Looking For The Best Stocks To Buy And Watch? Start Here
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
While Scorpio Tankers is not near a proper entry right now, see if it manages to form and break out from a proper chart pattern.
Although earnings and sales growth came in at -61% and -40%, respectively, in the latest report, that shows two quarters of improvement for earnings and one for sales.
Scorpio Tankers holds the No. 11 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. DT Midstream, Hess Midstream and Enbridge 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
