Petroleo Brasileiro Stock Flashes Improved Technical Strength

On Monday morning, Petroleo Brasileiro (PBR) received an upgrade to its Relative Strength (RS) Rating, from 68 to 71.


As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks stacks up against all the other stocks in our database.

History reveals that the market’s biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Petroleo Brasileiro stock can continue to rebound and hit that benchmark.

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Petroleo Brasileiro stock is trying to complete a consolidation with an 11.80 entry. See if the stock can break out in heavy trading as oil and gas continues to trend higher. Note that it is a later-stage pattern, and investors should be aware that those involve more risk.

Top and bottom line growth moved higher last quarter. Earnings were up 1,750%, compared to 0% in the prior report. Revenue increased from 6% to 139%.

The company holds the No. 10 rank among its peers in the Oil & Gas-Integrated industry group. Equinor ASA Adr (EQNR) and Marathon Oil Corporation (MRO) are also among the group’s highest-rated stocks.


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