Euronav saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 94 the day before.
The new score indicates the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. If only the RS rating were as strong.
Euronav is currently forming a consolidation, with a 17.75 buy point. It has some work to do, but recent action brought it up to key moving averages. Look for the stock to continue the move and then break out in volume at least 40% higher than normal.
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The stock earns an 81 EPS Rating, which means its recent quarterly and annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 0% EPS growth for Q2. Revenue growth came in at 134%, down from 197% in the previous quarter.
Euronav holds the No. 2 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Frontline is the No. 1-ranked stock within the group.
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