In a welcome move, Atlas Energy Solutions saw its Relative Strength Rating rise from 62 to 77 on Monday.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Atlas Energy Solutions can continue to rebound and hit that benchmark.
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Atlas Energy Solutions is within a buy zone after climbing above a 23.72 entry in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
While earnings growth declined in the prior quarter from -81% to -92%, the top line grew 93%, up from 78% in the prior report.
Atlas Energy Solutions holds the No. 4 rank among its peers in the Oil & Gas-Field Services industry group. Oceaneering Intl is the top-ranked stock within the group.
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