Scorpio Tankers stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 78 to 84.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs.
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Is Scorpio Tankers Stock A Buy?
Scorpio Tankers stock has been consolidating and is not currently showing a potential buy point. See if the energy stock goes on to form a promising consolidation that could ignite a new run.
The oil & gas reported negative growth for both the top and bottom lines last quarter.
Scorpio Tankers stock holds the No. 26 rank among its peers in the Oil & Gas-Transportation/Pipeline industry group. Euronav and Frontline are also among the group's highest-rated stocks.
