In a welcome move, Phillips 66 saw its Relative Strength Rating improve from 68 to 73 on Wednesday.
Can You Really Time The Stock Market?
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of over 80 as they begin their largest price moves. See if Phillips 66 can continue to rebound and hit that benchmark.
Phillips 66 is not currently showing a potential buy point. See if the stock goes on to build a sound pattern that could spark a new run.
Phillips 66 posted 0% EPS growth last quarter. Sales rose -13%. The next quarterly results are expected on or around Jul. 25.
The company earns the No. 18 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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