Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

PBF Energy Shows Market Leadership With Jump To 93 RS Rating

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.

Looking For The Best Stocks To Buy And Watch? Start Here

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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.