Banking

Hess Shows Market Leadership With Jump To 81 RS Rating

On Thursday, Hess (HES) hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 78 the day before.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks matches up against the rest of the market.

History shows that the market’s biggest winners often have an RS Rating of above 80 as they launch their biggest runs.


See How IBD Helps You Make More Money In Stocks


Hess is working on a flat base with a 76.34 buy point. See if the stock can break out in volume at least 40% above average.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 3%. Revenue rose from -22% to -17%. The next quarterly numbers are expected on or around May 7.

The company holds the No. 7 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Geopark (GPRK) and A P A Corp (APA) are also among the group’s highest-rated stocks.

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