In a welcome move, Phillips 66 saw its Relative Strength Rating rise from 68 to 76 on Friday.
Can You Really Time The Stock Market?
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of at least 80 as they launch their largest climbs. See if Phillips 66 can continue to show renewed price strength and hit that benchmark.
Phillips 66 has climbed more than 5% past a 125.19 entry in a first-stage flat base, 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 line.
The company posted 0% earnings growth in its most recent report. Sales gains came in at -13%. Look for the next report on or around Jul. 25.
The company holds the No. 17 rank among its peers in the Oil & Gas-Refining/Marketing industry group. UGI, Targa Resources and Global Partners 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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