On Friday, Atlas Energy Solutions got an upgrade to its Relative Strength (RS) Rating, from 70 to 73.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Atlas Energy Solutions can continue to rebound and hit that benchmark.
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Atlas Energy Solutions broke out earlier, but has fallen back below the prior 23.72 entry from a consolidation. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings growth decreased in the most recent report from -81% to -92%. But revenue moved higher, from 78% to 93%.
The company earns the No. 4 rank among its peers in the Oil & Gas-Field Services industry group. Oceaneering Intl is the top-ranked stock within the group.
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