Denbury stock had its Relative Strength (RS) Rating upgraded from 89 to 92 Thursday. The oil and gas company also sports a 97 Composite Rating.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Denbury Stock A Buy?
Denbury stock is building a consolidation with a 104.15 buy point. See if the stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The oil company reported 157% earnings growth in its most recent report, while sales growth came in at 28%.
Denbury stock earns the No. 1 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Brigham Minerals and Northern Oil & Gas are also among the group's highest-rated stocks.
