One important metric to look for in a stock is an 80 or higher Relative Strength Rating. EQT stock now clears that threshold, with a jump from 77 to 82 Wednesday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is EQT Stock A Buy?
EQT stock is working on a cup with handle with a 44.88 buy point. See if the oil stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The integrated oil & gas company posted 0% EPS growth last quarter, while sales growth came in at -60%. Look for the next report on or around Oct. 25.
EQT stock holds the No. 14 rank among its peers in the Oil & Gas-Integrated industry group. Williams Cos and TotalEnergies ADR are also among the group's highest-rated stocks.
