PBF Energy had its Relative Strength (RS) Rating upgraded from 90 to 93 Thursday.

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 indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.

History reveals that the best stocks often have an 80 or higher RS Rating as they begin their biggest climbs.

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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.

Taking a look at revenue and profit performance, PBF Energy has posted two quarters of accelerating earnings growth. Revenue growth has also increased over the same time frame. The company is expected to report its next quarterly numbers on or around Oct. 29.

The company holds the No. 17 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Sasol , Adams Res & Energy and Sunoco are among the top 5 highly rated stocks within the group.