On Monday, Sable Offshore Cl A got a positive adjustment to its Relative Strength (RS) Rating, from 63 to 71.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of over 80 as they launch their largest runs. See if Sable Offshore Cl A can continue to show renewed price strength and hit that benchmark.
While Sable Offshore Cl A is not near an ideal buying range right now, see if it is able to form and break out of a proper consolidation.
The company posted 0% earnings growth in the latest quarterly report. Revenue rose 0%.
The company holds the No. 18 rank among its peers in the Oil & Gas-Integrated industry group. EQT, Williams Cos and Imperial Oil 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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