Crescent Energy had its Relative Strength (RS) Rating upgraded from 70 to 77 Tuesday — a welcome improvement, but still below the 80 or better score you look for.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of at least 80 as they begin their largest climbs. See if Crescent Energy can continue to show renewed price strength and clear that threshold.
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Crescent Energy is trying to complete a consolidation with a 14.22 buy point. See if the stock can break out in heavy trade.
Crescent Energy reported 11% earnings growth last quarter, while sales growth came in at 16%.
Crescent Energy holds the No. 3 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Viper Energy is the No. 1-ranked stock within the group.
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