The Relative Strength (RS) Rating for Teekay Tankers jumped into a new percentile Monday, with a rise from 78 to 81.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating as they launch their biggest climbs.
Teekay Tankers has moved more than 5% past a 47.99 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Although earnings and sales growth came in at -55% and -29%, respectively, in the latest report, that marked acceleration for both earnings-per-share and sales.
Teekay Tankers earns the No. 12 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. DT Midstream, Hess Midstream and Enbridge 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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