Banking

Petroleo Brasileiro Sees RS Rating Rise To 71

The Relative Strength (RS) Rating for Petroleo Brasileiro (PBR) entered a higher percentile Friday, as it got a lift from 68 to 71.




X



When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating tracks market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Petroleo Brasileiro can continue to show renewed price strength and clear that threshold.


Looking For Winning Stocks? Try This Simple Routine


Petroleo Brasileiro is building a consolidation with an 11.80 buy point. See if the stock can clear the breakout price in heavy trade. It’s a later-stage pattern, and investors should be aware that those involve more risk.

While revenue growth fell last quarter from 139% to 77%, the bottom line grew 2,300%, up from 0% in the prior report.

The company earns the No. 9 rank among its peers in the Oil & Gas-Integrated industry group. Williams Companies (WMB) and Marathon Oil Corporation (MRO) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

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

See How To Reduce Risk, Increase Profits With Swing Trading

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button