On Thursday, Range Resources stock reached a noteworthy technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 83, an increase from 80 the day before.
This exclusive rating from Investor's Business Daily identifies market leadership 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 best stocks typically have an 80 or higher RS Rating as they launch their biggest climbs.
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Is Range Resources Stock A Buy?
Range Resources stock is working on a cup without handle with a 37.88 buy point. See if the energy stock can break out in volume at least 40% higher than normal.
Although earnings and sales growth came in at -52% and -42%, respectively, in the latest report, that marked two straight quarters of improvement for earnings and two for the top line. The Fort Worth, Texas- based company is expected to release its next quarterly numbers on or around Apr. 23.
Range Resources stock holds the No. 18 rank among its peers in the Oil & Gas-U.S. Exploration & Production industry group. Matador Resources, Northern Oil & Gas and Diamondback Energy are among the top 5 highly rated stocks within the group.
