CONSOL Energy saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 90 to 93.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
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CONSOL Energy is now considered extended and out of buy range after clearing a 107.94 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 4% last quarter, up from -60% in the prior report. Revenue also increased, from -24% to 1%.
The company earns the No. 3 rank among its peers in the Energy-Coal industry group. SunCoke Energy is the No. 1-ranked stock within the group.
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