The Relative Strength (RS) Rating for Matador Resources headed into a new percentile Tuesday, as it got a lift from 69 to 72.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Matador Resources can continue to show renewed price strength and hit that benchmark.
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Matador Resources is building a consolidation with a 71.08 entry. See if the stock can clear the breakout price in heavy trading.
The company posted 2% earnings growth last quarter, while sales growth came in at 17%.
Matador Resources earns the No. 4 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources is the top-ranked stock within the group.
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