Evaluating market performance charts
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IBD Rating Upgrades: Cabot Oil & Gas Flashes Improved Relative Price Strength

Evaluating market performance charts

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The Relative Strength ( RS ) Rating for Cabot Oil & Gas ( COG ) moved into a new percentile Tuesday, as it got a lift from 69 to 74.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.

Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Cabot Oil & Gas can continue to rebound and hit that benchmark.

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While it's not currently an ideal time to jump in, see if the stock is able to establish and enter a buying range in heavy volume.

While the company's top line growth fell last quarter from 87% to 24%, EPS grew 275%, up from 0% in the prior report.

The company earns the No. 7 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Viper Energy Partners ( VNOM ), Jagged Peak Energy ( JAG ) and Diamondback Energy ( FANG ) are among the top 5 highly rated stocks 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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