Atlas Energy Solutions saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 67 to 71.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Atlas Energy Solutions can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Atlas Energy Solutions broke out earlier, but is now around 3% below the prior 23.72 entry from a consolidation. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the most recent pattern is a later-stage base, and those involve more risk.
Earnings growth fell last quarter from -81% to -92%, but sales rose from 78% to 93%.
Atlas Energy Solutions holds the No. 5 rank among its peers in the Oil & Gas-Field Services industry group. Oceaneering Intl is the No. 1-ranked stock within the group.
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