Vermilion Energy's (VET) Relative Strength Rating (RS) was upgraded from 62 up to 71 on Wednesday.
Relative price strength is a factor to consider when deciding which stocks to purchase and monitor.
IBD's proprietary score identifies the market leader with a score ranging from 1 (worst to 99 (best). The rating compares a stock's performance over the past 52 weeks to all other stocks in IBD's database.
In the past, the best stocks have often had RS Ratings north of 80 at the beginning of their movements. Vermilion Energy may be able to continue its rebound and reach that benchmark.
Vermilion Energy builds a cup handle with a 15,56 entry. Check if the volume can reach at least 40% more than average to clear the breakout price.
Last quarter, the company's sales and earnings declined. Vermilion Energy will report its next quarter's numbers around November 1.
Vermilion Energy is ranked No.6 among its peers in the Oil & Gas-Canadian Exploration & Production industry group. Vermilion Energy is ranked No.6 among peers in the Oil & Gas - Canadian Exploration & Production group. Canadian Natural Rscs and Vermilion Energy are also amongst the highest-rated stocks in this group.