Matador Resources joins stock ranking with RS ratings above 90

When looking for the best stocks to buy and watch, focus on those whose relative prices are rising.

A stock that fits this bill is Matador Resources (MTDR), which on Tuesday saw a positive improvement in its Relative Strength (RS) rating from 82 to 92.


When looking for the best stocks to buy and watch, keep an eye on relative price strength. This exclusive rating from Investor’s Business Daily identifies market leadership with a score from 1 (worst) to 99 (best). The rating shows how a stock’s price movement over the past 52 weeks compares to all other stocks in our database.

Over 100 years of market history shows that the best performing stocks typically have an RS rating of at least 80 at the start of their moves.

Looking for winning stocks? Try this simple routine

Although the stock is not close to a proper entry right now, see if it continues to form and break out of a proper consolidation.

Matador Resources reported EPS growth of 227% in its latest report. Revenues increased by 112%. The next quarterly figures are expected on or around July 27.

Matador Resources ranks first among its peers in the Oil&Gas-US Exploration & Production industry group. Coterra Energy (CTRA) and Brigham Minerals (MNRL) are also among the highest rated stocks in the group.


Improvements to IBD stock ratings: increased relative strength

Why should you use the IBD Relative Strength Rating?

How the relative strength line can help you judge a stock

Identify basics and buy points with MarketSmith’s pattern recognition