Energy Stock With 1875% Growth Nears Buy Point – Investor's Business Daily

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Oil and gas exploration and production firm Diamondback Energy (FANG) saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 69 to 73.

XAutoplay: On | Off IBD’s proprietary RS Rating identifies market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they launch their largest climbs. See if Diamondback Energy can continue to show renewed price strength and hit that benchmark.


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Diamondback Energy broke out earlier, but has fallen back below the prior 114.10 entry from a cup without handle. See if it can retake the buy point in heavy volume.

Diamondback Energy reported 146% EPS growth in its most recent report. Revenue gains came in at 112%. The Midland, Texas-based firm has generated average EPS growth of 1,875% over the last three quarters.

Diamondback Energy holds the No. 3 rank among its peers in the Oil & Gas-U.S. Exploration & Production industry group. Viper Energy Partners (VNOM) is the top-ranked stock within the group.

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