Canadian Natural Resources stock had its Relative Strength (RS) Rating upgraded from 67 to 75 Tuesday -- a welcome improvement, but still below the 80 or higher score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies share 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.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Canadian Natural Res can continue to rebound and clear that threshold.
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Is Canadian Natural Resources Stock A Buy?
Canadian Natural Resources stock is working on a cup with handle with a 62.67 buy point. See if this oil stock can break out in heavy trading. It's a later-stage pattern, and investors should be aware that those are less likely to launch sustained new climbs.
The Canadian oil & gas exploration firm posted 75% earnings growth in its most recent report. Sales rose 36%.
Canadian Natural Resources stock holds the No. 3 rank among its peers in the Oil & Gas-Canadian Exploration & Production industry group. Canadian Natural Res and Vermilion Energy are also among the group's highest-rated stocks.
