On Monday, CNX Resources earned an upgrade to its Relative Strength (RS) Rating, from 79 to 82.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their biggest climbs.
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CNX Resources has climbed more than 5% past a 26.57 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
CNX Resources posted negative growth for both the top and bottom lines last quarter.
CNX Resources earns the No. 12 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Range Resources and Gulfport Energy are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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