ConocoPhillips ( COP ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Monday, with an increase from 65 to 71.
[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an 80 or better RS Rating as they begin their largest runs. See if ConocoPhillips can continue to show renewed price strength and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
ConocoPhillips is not currently showing a potential entry point. See if the stock goes on to build a base that could launch a new move.
While sales growth fell last quarter from 59% to 10%, earnings-per-share grew 124%, up from 0% in the prior report.
The company holds the No. 2 rank among its peers in the Oil & Gas-International Exploration & Production industry group. CNOOC ( CEO ) is the top-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
