Quantcast

ConocoPhillips Sees RS Rating Climb To 71


Shutterstock photo

The Relative Strength ( RS ) Rating for ConocoPhillips ( COP ) moved up into a new percentile Monday, as it got a lift from 67 to 71.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the best stocks often have an RS Rating of over 80 as they launch their largest price moves. See if ConocoPhillips can continue to show renewed price strength and clear that threshold.

Looking For The Best Stocks To Buy And Watch? Start Here

ConocoPhillips broke out earlier, but has fallen back below the prior 53.27 entry from a cup without handle . If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.

While revenue growth fell last quarter from 59% to 10%, EPS grew 124%, up from 0% in the previous report.

The company earns the No. 4 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Repsol ( REPYY ) is the No. 1-ranked stock within the group.

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



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 , COP , REPYY



More from Investor's Business Daily

Subscribe






Investor's Business Daily
Contributor:

Investor's Business Daily

Investing










Research Brokers before you trade

Want to trade FX?