On Tuesday, Coterra Energy reached a noteworthy technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 82, up from 70 the day before.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating as they begin their biggest runs.
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Coterra Energy is building a consolidation with a 29.95 entry. See if the stock can break out in volume at least 40% higher than normal.
While the company's top line growth fell last quarter from 0% to -13%, the bottom line grew -6%, up from -36% in the prior report.
Coterra Energy earns the No. 5 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources is the No. 1-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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