On Tuesday, Phillips 66 reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 84, a rise from 75 the day before. See if Phillips 66 stock can continue to build strength with the rest of its industry.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of at least 80 as they begin their biggest runs.
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Phillips 66 Stock Works On A Base
Phillips 66 stock is working on a consolidation with a 94.44 buy point. See if the stock can break out in heavy trading.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 353%. Revenue rose from 93% to 100%. The company is expected to report its latest results on or around April 30.
Phillips 66 stock earns the No. 4 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Valero Energy and Cosan are also among the group's highest-rated stocks.
