CONSOL Energy saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 63 to 77. The stock is still trading below key moving averages, so something to watch as it moves up.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an 80 or higher RS Rating as they begin their largest price moves. See if CONSOL Energy can continue to rebound and hit that benchmark.
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While the stock is not near an ideal buy zone right now, see if it is able to form and break out of a proper chart pattern.
Earning Review
While sales growth fell last quarter from 277% to 33%, earnings-per-share grew 59%, up from 0% in the prior report.
The company holds the No. 2 rank among its peers in the Energy-Coal industry group. Arch Resources also among the group's highest-rated stocks.
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