In a welcome move, Imperial Oil saw its Relative Strength Rating rise from 70 to 73 on Thursday.
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Imperial Oil can continue to show renewed price strength and hit that benchmark.
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Imperial Oil is building a flat base with an 80.17 entry. See if the stock can break out in volume at least 40% above average. Be aware that it's a third-stage base. Such later-stage patterns involve more risk and are more likely to fail than earlier-stage formations.
Imperial Oil reported negative growth for both sales and earnings last quarter.
The company earns the No. 5 rank among its peers in the Oil & Gas-Integrated industry group. YPF ADR is the top-ranked stock within the group.
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