Imperial Oil had its Relative Strength (RS) Rating upgraded from 67 to 74 Monday — a welcome improvement, but still below the 80 or better score you look for.
IBD's unique RS Rating identifies 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 80 or better RS Rating as they launch their biggest climbs. See if Imperial Oil can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
Imperial Oil is working on a flat base with an 80.17 entry. See if it can break out in heavy volume. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
The company reported negative growth for both sales and earnings last quarter.
The company earns the No. 7 rank among its peers in the Oil & Gas-Integrated industry group. YPF ADR, Williams Cos and EQT are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
