[ibd-display-video id=3105496 width=50 float=left autostart=true] This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves.
Petrobras is now considered extended and out of buy range after clearing a 10.83 buy point in a second-stage cup without handle . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 102% last quarter, up from 0% in the prior report. Revenue also increased, from -9% to 5%.
Petrobras earns the No. 8 rank among its peers in the Oil & Gas-Integrated industry group. Ecopetrol ( EC ), ( OMP ) and Royal Dutch Shell (RDSA) are among the top 5 highly rated stocks within the group.