DHT Holdings had its Relative Strength (RS) Rating upgraded from 69 to 74 Monday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks typically have an 80 or higher RS Rating as they begin their largest price moves. See if DHT Holdings can continue to rebound and clear that threshold.
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While it's not currently an ideal time to buy shares, see if the stock goes on to form a consolidation and break out.
In terms of fundamental health, DHT Holdings has posted rising EPS growth in each of the last two reports. Sales growth has not followed the same trajectory, coming in at -8% last quarter.
DHT Holdings holds the No. 6 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Hess Midstream, MPLX and Transportadora Gas ADR are among the top 5 highly rated stocks 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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