In a welcome move, Magnolia Oil & Gas saw its Relative Strength Rating rise from 65 to 74 on Thursday.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of at least 80 as they begin their biggest runs. See if Magnolia Oil & Gas can continue to show renewed price strength and clear that threshold.
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Magnolia Oil & Gas is working on a consolidation with a 27.63 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company posted -2% EPS growth in its most recent report. Sales rose 6%.
Magnolia Oil & Gas holds the No. 8 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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