The Relative Strength (RS) Rating for LyondellBasell Industrial stock entered a new percentile Wednesday, with a rise from 79 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of above 80 as they launch their biggest runs.
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Is LyondellBasell Industrial Stock A Buy?
While it's not currently an ideal time to buy shares, see if the LyondellBasell Industrial stock is able to offer and clear an appropriate buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The company posted growth for both the top and bottom lines last quarter. The chemical firm is expected to report its next quarterly numbers on or around Nov. 3.
LyondellBasell Industrial stock earns the No. 7 rank among its peers in the Chemicals-Basic industry group. Northern Technologies and Celanese are also among the group's highest-rated stocks.
