On Tuesday, Cheniere Energy stock earned an upgrade to its Relative Strength (RS) Rating, from 68 to 72.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Cheniere Energy stock can continue to rebound and clear that threshold.
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Is Cheniere Energy Stock A Buy?
Cheniere Energy stock has climbed more than 5% past a 175.56 entry in a first-stage saucer with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
While earnings-per-share growth dropped in the company's most recently reported quarter from -32% to -44%, the top line rose -10%, up from -21% in the prior report.
Cheniere Energy stock holds the No. 24 rank among its peers in the Oil & Gas-Transportation/Pipeline industry group. Energy Svcs of America, Oneok and Western Midstream Ptrs are among the top 5 highly rated stocks within the group.
