On Friday, Calumet received an upgrade to its Relative Strength (RS) Rating, from 70 to 76.
Can You Really Time The Stock Market?
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of over 80 as they begin their biggest climbs. See if Calumet can continue to rebound and hit that benchmark.
Calumet is trying to complete a cup without handle with a 17.29 entry. See if it can clear the breakout price in volume at least 40% above average.
Calumet showed 0% earnings growth in the latest quarterly report, while sales growth came in at -9%.
Calumet holds the No. 22 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings, Targa Resources and HF Sinclair 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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IBD Stock Rating Upgrades: Rising Relative Strength
