The Relative Strength (RS) Rating for Delek US Holdings climbed into a new percentile Wednesday, with an increase from 78 to 81.
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IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
Delek US Holdings has climbed more than 5% past a 17.77 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Delek US Holdings showed 0% EPS growth last quarter, while sales growth came in at -16%.
Delek US Holdings holds the No. 12 rank among its peers in the Oil & Gas-Refining/Marketing industry group. UGI, Global Partners 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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