When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Houston American Energy now meets that criteria, with a jump from 79 to 82 Thursday.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
Houston American Energy is not currently near a potential buy zone. See if the stock goes on to form a base that could launch a new move.
The company reported 0% earnings growth in the latest quarterly report, while sales growth came in at -33%.
Houston American Energy holds the No. 8 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Woodside Energy ADR, ConocoPhillips and Vista Energy 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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