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The IBD SmartSelect Composite Rating for PDC Energy (PDCE) increased to 96 on Monday.

The bullish trend in the RS Line indicates the stock is leading 96% of all stocks.

The RS line measures a stock’s price performance vs. the S&P 500. If the market’s down, good stocks will outperform by treading water. When the market rebounds, the stocks with best relative strength should bounce back even stronger than the market.

Click the charts to enlarge.

PDC Energy

PDC Energy stock is currently moving back above previous pivot highs, on 2.5 x average (RVOL) relative volume compared to Friday. The stock recently broke out of a cup and handle pattern and subsequently fading. The stock is currently 12% below its 52wk highs.

The company’s 73 EPS Rating tracks quarterly and annual earnings-per-share growth. We’re looking for that measure to improve to 80 or better as energy stocks remain “in-play.”


The stock pulled back to its 200d moving average and reversed on December 20. Most of the 57 stocks in its universe, Oil& Gas Exploration and Production tagged along.


In Q3, the company reported revenue growth of 95.2% year on year, while posting accelerating EPS gains for four consecutive quarters. Sales growth is projected to climb 25% in 2022.

Energy Sector Leaders

Leaders in the Oil & Gas Exploration & Production industry group, in descending order are Diamond Back Energy (FANG), number two ranked Conoco Phillips (COP), and number 3 ranked Denbury Resources (DEN). EOG Resources (EOG) is another favorite, rounding out the top 10 highly-rated stocks within the group.

Look for these stocks to follow through this year.

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