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Petroleo Brasileiro Hits 80-Plus Relative Strength Rating Benchmark

When building your watch list, look for stocks with an 80 or higher RS Rating. Petroleo Brasileiro (PBR) just cleared that benchmark with an upgrade from 78 to 81. Patroleo Brasileiro stock is building a late-stage base.




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When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary rating identifies 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.

Decades of market research reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.


Looking For The Best Stocks To Buy And Watch? Start Here


Petroleo Brasileiro Stock Looks For A Breakout

Petroleo Brasileiro stock is building a double bottom with an 11.36 entry. See if the stock can break out in heavy trade. Keep in mind that it’s a later-stage consolidation, and those entail more risk.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 1,750%, compared to 0% in the prior report. Revenue increased from 6% to 139%. Keep an eye out for the company’s next round of numbers on or around Oct. 28.

Petroleo Brasileiro stock holds the No. 10 rank among its peers in the Oil & Gas-Integrated industry group. Royal Dutch Shell (RDSA) and Cenovus Energy (CVE) are also among the group’s highest-rated stocks.

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