Scorpio Tankers Stock Sees Relative Strength Rating Jump To 81

On Friday morning, Scorpio Tankers (STNG) reached a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.

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

This unique rating tracks 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.

Decades of market research shows that the best-performing stocks tend to have an RS Rating of above 80 as they begin their biggest climbs.

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Scorpio Tankers stock is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could launch a new move, similar to the recent move out of a consolidation pattern from Marketsmith. One for your watchlist?

In terms of top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Top line growth has not followed the same trajectory, coming in at -60% last quarter. Current market conditions are showing energy stocks holding up better than most.

The company earns the No. 50 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Oneok (OKE) and Rattler Midstream (RTLR) are also among the group’s highest-rated stocks.


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