The Relative Strength (RS) Rating for Occidental Petroleum stock entered a new percentile Thursday, with a rise from 77 to 83.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or better RS Rating as they launch their biggest runs.
Looking For Winning Stocks? Try This Simple Routine
Is Occidental Petroleum Stock A Buy?
Occidental Petroleum stock is trying to complete a long and wide consolidation with a 76.11 entry. See if the energy stock can clear the breakout price in volume at least 40% above average.
The oil & gas firm reported negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around Nov. 6.
Occidental Petroleum stock holds the No. 9 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Murphy Oil and Ovintiv are also among the group's highest-rated stocks.
