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ConocoPhillips Shows Improved Relative Price Performance; Still Shy Of Benchmark

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The Relative Strength ( RS ) Rating for ConocoPhillips ( COP ) moved up into a higher percentile Wednesday, as it got a lift from 69 to 72.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if ConocoPhillips can continue to show renewed price strength and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

While ConocoPhillips is not near a proper buy point right now, see if it manages to form and break out from a proper consolidation.

Earnings growth rose last quarter from 0% to 124%. But revenue gains fell from 59% to 10%.

The company earns the No. 3 rank among its peers in the Oil & Gas-International Exploration & Production industry group. CNOOC ( CEO ) 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.


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

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