One important metric to look for in a stock is an 80 or higher Relative Strength Rating. DHT Holdings just hit that mark, with a jump from 79 to 82 Monday.
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IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
DHT Holdings is still within a buying range after moving past an 11.19 entry in a double bottom. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
The company posted negative growth for both sales and earnings last quarter.
The company holds the No. 9 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Enbridge, MPLX and Transportadora Gas ADR 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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