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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Antero Resources Stock Sees Rising Relative Strength

When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Antero Resources stock just cleared that benchmark with an upgrade from 74 to 85.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.

Decades of market research reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Is Antero Resources Stock A Buy?

Antero Resources stock is building a double bottom with a 28.25 buy point. See if the energy stock can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

While revenue growth fell last quarter from 79% to -57%, EPS grew 0%, up from -57% in the previous report. Look for the next report on or around Oct. 25.

Antero Resources stock holds the No. 35 rank among its peers in the Oil & Gas-U.S. Exploration & Production industry group. Diamondback Energy and EOG Resources are also among the group's highest-rated stocks.

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