On Wednesday, CNX Resources earned a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if CNX Resources can continue to show renewed price strength and clear that threshold.
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CNX Resources has climbed more than 5% past a 26.57 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported negative growth for both the top and bottom lines last quarter.
CNX Resources earns the No. 19 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Gulfport Energy and Riley Exploration Permn are among the top 5 highly rated stocks within the group.
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