BP stock had its Relative Strength (RS) Rating upgraded from 65 to 71 Thursday -- a welcome improvement, but still short of the 80 or better score you prefer to see.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique RS Rating tracks 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.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves. See if BP stock can continue to rebound and hit that benchmark.
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Is BP Stock A Buy?
BP stock is working on a double bottom with a 40.70 entry. See if the stock can break out in volume at least 40% higher than normal.
The integrated oil & gas firm reported negative growth for both sales and earnings last quarter.
BP stock earns the No. 16 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream and Williams Cos are also among the group's highest-rated stocks.
