On Tuesday, Par Pacific Holdings reached a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
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IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
Par Pacific Holdings has risen more than 5% past an 18.72 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 0% earnings growth in the latest quarterly report. Sales rose -12%.
Par Pacific Holdings earns the No. 7 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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