The Relative Strength (RS) Rating for Imperial Oil jumped into a new percentile Monday, as it got a lift from 65 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best-performing stocks typically have an RS Rating of at least 80 as they begin their biggest runs. See if Imperial Oil can continue to show renewed price strength and hit that benchmark.
Imperial Oil is working on a double bottom with a 74.03 entry. See if the stock can break out in volume at least 40% above average.
Regarding fundamentals, the company has posted rising EPS growth in each of the last two reports. Revenue growth has also increased during the same period.
The company holds the No. 4 rank among its peers in the Oil & Gas-Integrated industry group. EQT is the No. 1-ranked stock 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:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
