Gulfport Energy saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 65 to 73.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Gulfport Energy can continue to show renewed price strength and hit that benchmark.
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Gulfport Energy is building a consolidation with a 165.19 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth slowed last quarter from 59% to 0%. But sales moved higher, from -41% to -5%.
The company earns the No. 7 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Riley Exploration Permn and California Resources are among the top 5 highly rated stocks within the group.
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