The Relative Strength (RS) Rating for EOG Resources headed into a new percentile Tuesday, as it got a lift from 67 to 75.
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if EOG Resources can continue to show renewed price strength and hit that benchmark.
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EOG Resources is working on a consolidation with a 139.67 buy point. See if it can break out in heavy trade.
EOG Resources reported negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Feb. 27.
EOG Resources earns the No. 9 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Gulfport Energy and Crescent Energy are among the top 5 highly rated stocks within the group.
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