On Wednesday, Imperial Oil received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 78.
How To Invest In Stocks In Both Bull And Bear Markets
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if Imperial Oil can continue to rebound and clear that threshold.
Imperial Oil is working on a consolidation with an 80.17 entry. See if it can clear the breakout price in heavy trade.
In terms of top and bottom line numbers, Imperial Oil has posted two quarters of rising earnings growth. Top line growth has also moved higher during the same period.
Imperial Oil earns the No. 3 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:
Which Stocks Are Showing Improved Price Performance?
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!
