On Monday, HF Sinclair got an upgrade to its Relative Strength (RS) Rating, from 76 to 82.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves.
While HF Sinclair is not near an ideal entry right now, see if it is able to form and break out from a proper consolidation.
HF Sinclair posted 0% earnings growth last quarter, while sales growth came in at -9%. Keep an eye out for the company's next round of numbers on or around Jul. 31.
The company earns the No. 13 rank among its peers in the Oil & Gas-Refining/Marketing industry group. UGI, Targa Resources and Global Partners 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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