Marathon Petroleum Shows Market Leadership With Jump To 82 RS Rating
When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Marathon Petroleum, which had its Relative Strength (RS) Rating upgraded from 78 to 82 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
Marathon Petroleum is working on a cup with handle with a 60.63 buy point. See if the stock can break out in heavy trade.
While earnings growth decreased in the prior quarter from 0% to -629%, revenue grew 142%, up from 9% in the previous report.
Marathon Petroleum earns the No. 14 rank among its peers in the Oil & Gas-Refining/Marketing industry group. UGI and Sunoco are also among the group's highest-rated stocks.