On Thursday, Marathon Petroleum received a positive adjustment to its Relative Strength (RS) Rating, from 70 to 76.
Can You Really Time The Stock Market?
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Marathon Petroleum can continue to show renewed price strength and hit that benchmark.
While Marathon Petroleum is not near a proper entry right now, see if it is able to form and break out from a proper base.
Earnings grew 0% last quarter, up from -81% in the prior report. Revenue also increased, from -9% to -4%.
The company holds the No. 14 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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