Liberty Energy had its Relative Strength (RS) Rating upgraded from 66 to 75 Wednesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Liberty Energy can continue to show renewed price strength and hit that benchmark.
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Liberty Energy is building a consolidation with a 24.75 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Liberty Energy reported negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around Jan. 23.
The company holds the No. 16 rank among its peers in the Oil & Gas-Field Services industry group. North Amer Construction, Oceaneering Intl and USA Compression Partners are among the top 5 highly rated stocks within the group.
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