Halliburton had its Relative Strength (RS) Rating upgraded from 90 to 94 Wednesday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 at the beginning of a new price run.
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The IBD Big Cap 20 stock is working on a cup with handle with a 40.09 buy point. The stock has broken through twice, only to fall back. Yesterday it gapped up, closing just shy of entry. Today it has fallen back yet again. Definitely one to keep on your watchlist.
In terms of fundamentals, Halliburton has posted rising EPS growth over the last two quarters. Top line growth has also moved higher during the same period.
The company earns the No. 1 rank among its peers in the Oil & Gas-Field Services industry group. Schlumberger is also among the group's highest-rated stocks.
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