One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Range Resources just hit that mark, with a jump from 80 to 87 Tuesday.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest runs.
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While Range Resources is not near an ideal entry right now, see if it is able to form and break out from a proper base.
Earnings growth moved up last quarter from 4% to 8%, but sales fell from 1% to -33%.
Range Resources earns the No. 3 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources is the top-ranked stock 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.
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