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Diamondback Energy Shows Rising Relative Price Performance; Still Shy Of Key Threshold

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On Friday, Diamondback Energy ( FANG ) got an upgrade to its Relative Strength ( RS ) Rating , from 69 to 74.

[ibd-display-video id=2360792 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Diamondback Energy can continue to show renewed price strength and hit that benchmark.

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Diamondback Energy is trying to complete a cup without handle with a 114.10 buy point . See if the stock can clear the breakout price in heavy trade.

The company reported 438% earnings growth in the latest quarterly report. Revenue gains came in at 140%. The company is expected to report its latest results on or around Nov. 7.

The company holds the No. 3 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Viper Energy Partners ( VNOM ) is the No. 1-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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