On Tuesday, Golar LNG ( GLNG ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 65 to 74.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best stocks tend to have an 80 or higher RS Rating as they begin their largest climbs. See if Golar LNG can continue to show renewed price strength and clear that threshold.
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Golar LNG is working on a cup with handle with a 26.56 buy point . See if it can break out in heavy trading.
The company reported -65% EPS growth last quarter. Revenue increased 46%.
The company earns the No. 34 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Transportadora de Gas del Sur ( TGS ), MPLX ( MPLX ) and Tesoro Logistics ( ANDX ) 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.
