On Tuesday, Ecopetrol ADR earned an upgrade to its Relative Strength (RS) Rating, from 88 to 91.
IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or better RS Rating as they launch their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
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 offer and clear a proper buy point.
In terms of top and bottom line numbers, the company has posted three quarters of rising earnings growth. Revenue growth has been a different story, coming in at -3% last quarter.
The company earns the No. 4 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
