The Relative Strength (RS) Rating for Venture Global moved up into a new percentile Wednesday, as it got a lift from 69 to 78.
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This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History reveals that the market's biggest winners often have an RS Rating of above 80 as they begin their largest price moves. See if Venture Global can continue to rebound and clear that threshold.
While now is not an ideal time to jump in, see if the stock goes on to form a consolidation and break out.
Earnings growth decreased in the most recent report from 0% to -30%. But sales moved higher, from -7% to 105%. Keep an eye out for the company's next round of numbers on or around Aug. 13.
Venture Global holds the No. 3 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. California Resources 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.
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