In a welcome move, DHT Holdings saw its Relative Strength Rating improve from 66 to 74 on Wednesday.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of over 80 as they begin their biggest runs. See if DHT Holdings can continue to show renewed price strength and clear that threshold.
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DHT Holdings is trying to complete a double bottom with a 12.12 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings grew 16% last quarter, up from -23% in the prior report. Revenue also increased, from -1% to 8%. The next quarterly numbers are expected on or around Feb. 5.
The company earns the No. 13 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Western Midstream Ptrs, Energy Transfer and Hess Midstream are among the top 5 highly rated stocks within the group.
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