The Relative Strength (RS) Rating for Comstock Resources jumped into a new percentile Thursday, with a rise from 79 to 87.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
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Comstock Resources is in a buy range after climbing above an 11.65 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
The company showed 0% EPS growth in the latest quarterly report. Revenue rose -19%.
The company holds the No. 22 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Viper Energy and CNX Resources are among the top 5 highly rated stocks within the group.
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