In a welcome move, Northern Oil & Gas saw its Relative Strength Rating rise from 68 to 71 on Thursday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of over 80 as they launch their largest runs. See if Northern Oil & Gas can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
While Northern Oil & Gas is not near an ideal buy point right now, see if it manages to form and break out from a proper chart pattern.
Earnings growth decreased last quarter from -2% to -19%. But sales moved higher, from 18% to 140%.
Northern Oil & Gas holds the No. 12 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Gulfport Energy and California Resources are among the top 5 highly rated stocks 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!
