On Thursday, Sable Offshore Cl A received a positive adjustment to its Relative Strength (RS) Rating, from 89 to 94.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Sable Offshore Cl A has climbed more than 5% past a 13.15 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 0% EPS growth in the latest quarterly report. Sales rose 0%.
Sable Offshore Cl A earns the No. 13 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.
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