On Friday, ConocoPhillips (COP) received an upgrade to its Relative Strength (RS) Rating, from 76 to 81.
X IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their biggest climbs.
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While now is not an ideal time to invest, see if the stock manages to establish and enter a buy zone in heavy trade.
Earnings grew 273% last quarter, up from 0% in the prior report. Revenue also increased, from 10% to 20%.
ConocoPhillips holds the No. 2 rank among its peers in the Oil & Gas-International Exploration & Production industry group. CNOOC (CEO) is the top-ranked stock within the group.
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