The Relative Strength (RS) Rating for Marathon Petroleum entered a new percentile Tuesday, with an increase from 80 to 84.
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IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History reveals that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
Marathon Petroleum has climbed more than 5% past a 159.65 entry in a first-stage flat base, meaning it's now out of a proper buy zone. 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 line.
Marathon Petroleum saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -81% to 0%. Revenue rose from -9% to -4%. Look for the next report on or around Aug. 5.
The company holds 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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