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Stocks Showing Improving Market Leadership: Occidental Petroleum Earns 84 RS Rating

On Thursday, Occidental Petroleum (OXY) earned a positive adjustment to its Relative Strength (RS) Rating, from 80 to 84.




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When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the trailing 52 weeks compares to all 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 in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


While Occidental Petroleum is not near an ideal buy zone right now, see if it is able to form and break out of a proper base.

Occidental Petroleum showed -160% EPS growth in the latest quarterly report. Sales increased -53%. Look for the next report on or around May 5.

Occidental Petroleum holds the No. 10 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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