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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Matador Resources Stock Sees Relative Strength Rating Charges Ahead

On Monday, Matador Resources earned an upgrade to its Relative Strength (RS) Rating, from 79 to 82.

This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the top-performing stocks often have an 80 or higher RS Rating as they begin their biggest price moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Is Matador Resources Stock A Buy?

Matador Resources stock broke out earlier, but has fallen back below the prior 67.71 entry from a cup without handle. If a stock you're tracking breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.

The Texas-based energy company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -31% to -4%. Revenue rose from -8% to 18%. The company is expected to report its latest earnings and sales numbers on or around Apr. 23.

Matador Resources stock holds the No. 2 rank among its peers in the Oil & Gas-U.S. Exploration & Production industry group. Diamondback Energy is the top-ranked stock within the group.

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