Petroleo Brasileiro Stock Sees Relative Strength Rating Rise To 92

On Friday, Petroleo Brasileiro ADR (PBR) got an upgrade to its Relative Strength (RS) Rating, from 88 to 92.

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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the last 52 weeks matches up against all other stocks in our database.

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

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Petroleo Brasileiro Stock is working on a consolidation pattern with a 13.23 buy point. Because of the recent drop in price, the base count has reset to 1. Looking at the wild up and down action recently, one would like PBR stood for Professional Bull Riders, and not an Oil & Gas stock. Let’s see if it can clear the breakout price in heavy trade now that earnings are behind it (see below).

Earnings Review

While sales growth fell last quarter from 41% to 25%, earnings-per-share grew 153%, up from 49% in the previous report.

Petroleo Brasileiro ADR earns the No. 3 rank among its peers in the Oil & Gas-Integrated industry group. YPF ADR (YPF) is also among the top 5 highly rated stocks within the group.

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