On Thursday, WPX Energy ( WPX ) cleared an important technical benchmark, with its Relative Strength ( RS ) Rating rising into the 80-plus percentile with an upgrade to 83, a rise from 75 the day before.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating of over 80 as they begin their biggest runs.
WPX Energy is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could ignite a new run.
Earnings growth increased last quarter from 0% to 41%. But sales fell from 199% to -11%. Keep an eye out for the company's next round of numbers on or around Feb. 22.
The company holds the No. 28 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Viper Energy Partners ( VNOM ), Ring Energy ( REI ) and Diamondback Energy ( FANG ) are among the top 5 highly rated stocks within the group.