As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD’s proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the trailing 52 weeks compares to the rest of the market.
History shows that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Golar LNG can continue to rebound and clear that threshold.
While Golar LNG is not near an ideal buying range right now, see if it is able to form and break out of a proper consolidation.
Golar LNG reported negative growth for both the top and bottom lines last quarter.
Golar LNG earns the No. 46 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Western Gas Equity Partners (WES) and OasisMidstreamPrtns (OMP) are also among the group’s highest-rated stocks.
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Originally published at https://www.investors.com/ibd-data-stories/golar-lng-earns-rs-rating-upgrade/ on .