CNX Resources had its Relative Strength (RS) Rating upgraded from 80 to 85 Tuesday.
This proprietary rating identifies 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 best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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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 zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted negative growth for both the top and bottom lines last quarter.
The company earns the No. 9 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Range Resources and LandBridge 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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