When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Marathon Oil Corporation (MRO), which had its Relative Strength (RS) Rating upgraded from 79 to 82 Tuesday.
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This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the market’s biggest winners typically have an 80 or higher RS Rating as they begin their biggest runs.
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Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock goes on to offer and clear an appropriate buy point.
Although earnings and sales growth came in at -271% and -32%, respectively, in the latest report, that marked two straight quarters of acceleration for earnings and two for the top line.
The company earns the No. 5 rank among its peers in the Oil & Gas-Integrated industry group. EQT (EQT) and China Petrochemical (SNP) are also among the group’s highest-rated stocks.
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The post Marathon Oil Corporation Shows Rising Price Performance With Jump To 82 RS Rating appeared first on Investor's Business Daily.
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Originally published at https://www.investors.com/ibd-data-stories/marathon-oil-corporation-shows-rising-price-performance-with-jump-to-82-rs-rating/ on .
