On Monday, CVR Energy earned an upgrade to its Relative Strength (RS) Rating, from 68 to 79.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if CVR Energy can continue to show renewed price strength and clear that threshold.

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While the stock is not near an ideal buy zone right now, see if it manages to form and break out of a proper consolidation.

Earnings grew 37% last quarter, up from 0% in the prior report. Revenue also increased, from 29% to 164%. The company is expected to report its latest results on or around Nov. 2.

CVR Energy earns the No. 22 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Adams Res & Energy and Sunoco are also among the group's highest-rated stocks.