In a welcome move, Diamondback Energy stock saw its Relative Strength Rating rise from 67 to 79 on Tuesday.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest runs. See if Diamondback Energy stock can continue to show renewed price strength and hit that benchmark.
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Is Diamondback Energy Stock A Buy?
Diamondback Energy stock is building a double bottom with a 152.89 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The oil & gas firm reported 46% EPS growth in its most recent report. Sales rose 0%. Look for the next report on or around May 1.
Diamondback Energy stock holds the No. 8 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Denbury and Ranger Oil are also among the group's highest-rated stocks.
