[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique rating tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if BP can continue to show renewed price strength and clear that threshold.
While the stock is not near an ideal buy zone right now, see if it is able to form and break out of a proper consolidation.
In terms of fundamentals, the company has posted two quarters of rising earnings growth. Revenue growth has also risen over the same time frame.
The company holds the No. 4 rank among its peers in the Oil & Gas-Integrated industry group. Ecopetrol ( EC ) is the top-ranked stock within the group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.