Sable Offshore Cl A had its Relative Strength (RS) Rating upgraded from 72 to 92 Thursday.
This unique 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 shows that the market's biggest winners often have an 80 or higher RS Rating at the beginning of a new run.
How To Use Stock Charts To Stay Profitable And Protected
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy trade.
The company showed 0% EPS growth last quarter, while sales growth came in at 0%.
The company earns the No. 16 rank among its peers in the Oil & Gas-Integrated industry group. EQT, Antero Midstream and Williams Cos are among the top 5 highly rated stocks 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
