EQT saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 69 to 73.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best stocks often have an 80 or higher RS Rating as they launch their biggest runs. See if EQT can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
EQT is building a double bottom with a 42.45 buy point. See if the stock can break out in volume at least 40% above average.
While the company's bottom line growth decreased in the company's most recently reported quarter from 0% to -60%, sales rose 8%, up from -7% in the previous report.
The company holds the No. 4 rank among its peers in the Oil & Gas-Integrated industry group. YPF ADR is the No. 1-ranked stock 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!
