Shell ADR saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 70 to 74.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their largest runs. See if Shell ADR can continue to rebound and clear that threshold.
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Shell ADR is trying to complete a flat base with a 74.61 entry. See if the stock can break out in heavy trading.
Although earnings and sales growth came in at -14% and -17%, respectively, in the latest report, that means earnings have have shown improvement for three straight quarters and sales have increased for one.
The company earns the No. 7 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream, Williams Cos and Imperial Oil are among the top 5 highly rated stocks within the group.
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