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Shares in Suncor Energy Inc. are bumping up close to 52-week highs as investors warm back up to the oil producer after it announced a dividend hike in February. This StockReports+ report provides encouragement that the rally has staying power.
StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. Suncor’s score moved up to a three-year high of 10 out of 10 this week. That places it among a group of only 72 stocks tracked by StockReports+ that has the highest score. The recent change in the average score was primarily due to an improvement in the price momentum component score.
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