On Tuesday, Cheniere Energy cleared a key technical benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 81, up from 77 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures market leadership 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 that of all other stocks.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they begin their biggest price moves.
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Cheniere Energy is trying to complete a consolidation with a 182.45 buy point. See if the stock can clear the breakout price in heavy trading.
Cheniere Energy reported 0% earnings growth in the latest quarterly report. Revenue increased 177%.
The company holds the No. 40 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. DCP Midstream and MPLX are also among the group's highest-rated stocks.
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