In a welcome move, Gulfport Energy saw its Relative Strength Rating rise from 69 to 77 on Monday.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Gulfport Energy can continue to show renewed price strength and clear that threshold.
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Gulfport Energy is working on a consolidation with a 201.18 buy point. See if the stock can break out in volume at least 40% above average.
While sales growth fell last quarter from -5% to -51%, EPS grew 84%, up from 0% in the prior report. The company is expected to report its latest results on or around May 6.
The company earns the No. 3 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources is the top-ranked stock within the group.
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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