In a welcome move, BKV saw its Relative Strength Rating rise from 68 to 74 on Tuesday.
IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if BKV can continue to rebound and hit that benchmark.
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BKV is now considered extended and out of buy range after clearing an 18.88 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 0% earnings growth in the latest quarterly report. Sales gains came in at -60%.
BKV earns the No. 27 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Range Resources and Gulfport Energy are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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