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Stocks To Watch: Enerplus Sees Relative Strength Rating Rise To 83

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When building your watch list, focus on stocks with an 80 or higher RS Rating . Enerplus ( ERF ) now meets that criteria, with a jump from 79 to 83 Friday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.

Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Enerplus has climbed more than 5% past a 10.30 entry in a second-stage cup with handle , meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings growth moved up last quarter from 0% to 116%, but the top line fell from 69% to -19%.

The company earns the No. 1 rank among its peers in the Oil & Gas-Canadian Exploration & Production industry group. () and () are also among the group's highest-rated stocks.

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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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