On Tuesday, Petroleo Brasileiro ADR got an upgrade to its Relative Strength (RS) Rating, from 76 to 81.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Petroleo Brasileiro ADR is trying to complete a consolidation with a 15.43 entry. See if it can clear the breakout price in heavy trading.
The company posted 0% EPS growth in its most recent report, while sales growth came in at -27%.
Petroleo Brasileiro ADR holds the No. 5 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream 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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