The Relative Strength (RS) Rating for Imperial Oil moved into a higher percentile Monday, as it got a lift from 68 to 71.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Imperial Oil can continue to rebound and hit that benchmark.
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Imperial Oil is working on a consolidation with an 80.17 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Although earnings and sales growth came in at -4% and -4%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales.
The company earns the No. 7 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream, YPF ADR and EQT are among the top 5 highly rated stocks 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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