The Relative Strength (RS) Rating for EQT climbed into a new percentile Wednesday, with a rise from 78 to 81.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of over 80 as they begin their biggest runs.
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EQT is within a buy range after breaking past a 42.45 buy point in a double bottom. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Earnings growth declined last quarter from 0% to -60%. But revenue gains moved higher, from -7% to 8%.
EQT holds the No. 4 rank among its peers in the Oil & Gas-Integrated industry group. YPF ADR is the No. 1-ranked stock within the group.
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