On Thursday, CVR Energy received a positive adjustment to its Relative Strength (RS) Rating, rising to 92.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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Is CVR Energy Stock A Buy?
CVR Energy stock is building a cup with handle base with a 22.34 entry. See if it can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
While sales growth fell last quarter from 164% to 87%, EPS grew 57%, up from 0% in the previous report. CVR is slated to report fourth-quarter earnings on Feb. 22.
CVR Energy stock holds the No. 14 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Sasol , Valero Energy and Phillips 66 are among the top 5 highly rated stocks within the group. For more industry news, check out "Energy Stocks And Industry News: Oil, Gas, Solar, Coal."
