Chesapeake Energy stock had its Relative Strength (RS) Rating upgraded from 70 to 73 Wednesday -- a welcome improvement, but still short of the 80 or higher score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest climbs. See if Chesapeake Energy stock can continue to rebound and hit that benchmark.
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Is Chesapeake Energy Stock A Buy?
While Chesapeake Energy stock is not near a proper buy point right now, see if the energy stock goes on to form and break out of a proper base. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The natural gas giant reported negative growth for both sales and earnings last quarter. Chesapeake Energy is expected to report its next quarterly numbers on or around Nov. 1.
Chesapeake Energy stock holds the No. 36 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Diamondback Energy and Chord Energy are also among the group's highest-rated stocks.
