Sable Offshore Cl A had its Relative Strength (RS) Rating upgraded from 88 to 94 Friday.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 at the beginning of a new climb.
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Sable Offshore Cl A has moved more than 5% past a 13.15 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Sable Offshore Cl A showed 0% earnings growth in its most recent report. Revenue increased 0%.
The company holds the No. 11 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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