On Tuesday, Pioneer Natural Resources stock reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 85, a rise from 72 the day before.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs.
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Is Pioneer Natural Resources Stock A Buy?
Pioneer Natural Resources stock is trying to complete a consolidation with a 288.56 entry. See if it can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The energy company posted 81% earnings growth in the latest quarterly report, while sales growth came in at 37%.
Pioneer Natural Resources stock earns the No. 8 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Chord Energy and EOG Resources are also among the group's highest-rated stocks.
