On Friday, CONSOL Energy reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an upgrade to 92, a rise from 89 the day before.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 at the beginning of a new climb.
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CONSOL Energy has risen more than 5% past a 107.94 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -60% to 4%. Revenue rose from -24% to 1%.
The company earns the No. 3 rank among its peers in the Energy-Coal industry group. SunCoke Energy is the top-ranked stock within the group.
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