Petroleo Brasileiro stock sees its Relative Strength rating rise to 92

On Friday, Petroleo Brasileiro ADR (PBR) got an upgrade to his Rating of relative strength (RS).from 88 to 92.

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In search of that The best stocks to buy and watchOne factor to watch closely is relative price strength. IBD’s unique RS Rating measures technical performance using a score from 1 (worst) to 99 (best) that indicates how a stock’s price performance compares to all other stocks in our database over the last 52 weeks.

History shows that the market’s biggest winners typically have an RS rating of at least 80 at the start of a new run.

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Petroleo Brasileiro Stock is working on one consolidation pattern with a 13.23 buy point. Due to the recent price drop, the base number has been reset to 1. Looking at the wild ups and downs of late, one would like PBR to stand for Professional Bull Riders and not an oil and gas stock. Let’s see if it can clear the breakout price in the strong trade now that the gains are behind (see below).

result review

While revenue growth declined to 25% from 41% in the most recent quarter, earnings per share rose 153%, compared to 49% in the previous report.

Petroleo Brasileiro ADR ranks third among its peers in the oil and gas industry group. YPF ADR (YPF) is also among the top 5 best-rated stocks within the group.

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