Hess Corp saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 77 to 81.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History reveals that the best-performing stocks often have an RS Rating of above 80 as they begin their biggest runs.
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Hess Corp is trying to complete a consolidation with a 163.98 buy point. See if it can break out in volume at least 40% higher than normal.
The company reported 8% earnings growth in its most recent report. Revenue increased 6%.
Hess Corp earns the No. 1 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Vista Energy ADR and Tamboran Resources are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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