The Relative Strength (RS) Rating for Expand Energy climbed into a new percentile Thursday, as it got a lift from 65 to 74.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest climbs. See if Expand Energy can continue to show renewed price strength and hit that benchmark.
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Expand Energy is still inside a buy range after breaking past an 88.17 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Although earnings and sales growth came in at -85% and -57%, respectively, in the latest report, that showed improvement for both the top and bottom lines.
The company holds the No. 38 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Riley Exploration Permn and CNX Resources are among the top 5 highly rated stocks within the group.
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