When putting together your watch list, focus on stocks with an 80 or higher RS Rating. PBF Energy now meets that criteria, with an increase from 79 to 83 Wednesday.
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IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
PBF Energy is trying to complete a cup without handle with a 29.16 entry. See if it can clear the breakout price in volume at least 40% above average.
The company posted 0% earnings growth in its most recent report, while sales growth came in at -14%.
PBF Energy earns the No. 17 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings, Targa Resources and HF Sinclair 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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