Golar LNG saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 69 to 74.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies 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 stocks typically have an 80 or better RS Rating as they begin their largest price moves. See if Golar LNG can continue to rebound and clear that threshold.
Golar LNG is working on a consolidation with a 44.36 entry. See if it can break out in heavy volume.
Earnings grew -40% last quarter, up from -85% in the prior report. Revenue also increased, from -4% to 17%.
The company holds the No. 14 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, Enbridge and DT Midstream 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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