The Relative Strength (RS) Rating for Murphy Oil entered a new percentile Wednesday, with a rise from 80 to 84.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they launch their biggest climbs.

Looking For Winning Stocks? Try This Simple Routine

Murphy Oil is trying to complete a consolidation with a 26.07 entry. See if it can break out in heavy trade.

Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 183%, compared to 0% in the prior report. Revenue increased from -62% to 160%.

The company earns the No. 5 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Murphy Oil and Occidental Petroleum are also among the group's highest-rated stocks.