Imperial Oil saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 80 to 83.
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This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest runs.
Imperial Oil has risen more than 5% past an 80.17 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Regarding top and bottom line numbers, the company has posted two quarters of rising earnings growth. Top line growth has also increased during the same period. Imperial Oil is expected to release its next quarterly numbers on or around Aug. 1.
Imperial Oil earns the No. 2 rank among its peers in the Oil & Gas-Integrated industry group. EQT is the top-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.
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