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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Antero Resources Stock Shows Rising Relative Strength; Still Shy Of Key Benchmark

On Tuesday, Antero Resources stock got an upgrade to its Relative Strength (RS) Rating, from 68 to 79.

When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest climbs. See if Antero Resources stock can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

Is Antero Resources Stock A Buy?

Antero Resources stock is building a double bottom with a 28.25 buy point. See if the energy stock can clear the breakout price in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

 

While the oil & gas company's top line growth fell last quarter from 79% to -57%, earnings-per-share grew 0%, up from -57% in the previous report. Keep an eye out for the company's next round of numbers on or around Oct. 25.

Antero Resources stock holds the No. 32 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Diamondback Energy and Northern Oil & Gas are also among the group's highest-rated stocks.

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