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ConocoPhillips Earns RS Rating Upgrade; Hits Key Threshold

On Thursday, ConocoPhillips (COP) got an upgrade to its Relative Strength (RS) Rating, from 80 to 83. History shows that the market’s biggest winners typically have an RS Rating north of 80 in the early stages of their moves.




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As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the trailing 52 weeks holds up against all the other stocks in our database.


See How IBD Helps You Make More Money In Stocks


ConocoPhillips is now considered extended and out of buy range after clearing a 59.44 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

 

In terms of top and bottom line numbers, ConocoPhillips has posted rising EPS growth in each of the last three reports. Top line growth has also moved higher during the same period. The company is expected to release its next quarterly numbers on or around July 30.

ConocoPhillips earns the No. 8 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Hess (HES) and APA Corp (APA) are also among the group’s highest-rated stocks.

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