Canadian Natural Resources Trying To Close In On Key Technical Benchmark

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The Relative Strength ( RS ) Rating for Canadian Natural Resources ( CNQ ) jumped into a higher percentile Monday, as it got a lift from 61 to 71.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matched up against all other stocks.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their largest climbs. See if Canadian Natural Resources can continue to show renewed price strength and hit that benchmark.

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Canadian Natural Resources is still within a buying range after clearing a 34.59 buy point in a flat base . Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.

Earnings grew 159% last quarter, up from 0% in the prior report. Revenue also increased, from 45% to 84%.

Canadian Natural Resources earns the No. 5 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Repsol ( REPYY ) is the top-ranked stock within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: RS , CNQ , REPYY

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