When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Calumet now meets that criteria, with a jump from 76 to 81 Monday.
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This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest price moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buy zone in heavy trade.
The company reported 0% earnings growth in its most recent report, while sales growth came in at -9%.
The company earns the No. 22 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings, HF Sinclair and Targa Resources are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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