On Wednesday, PBF Energy got a positive adjustment to its Relative Strength (RS) Rating, from 66 to 78.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an 80 or higher RS Rating as they launch their largest runs. See if PBF Energy can continue to rebound and clear that threshold.
PBF Energy has risen more than 5% past a 29.16 entry in a first-stage cup without handle, 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.
PBF Energy showed 0% EPS growth last quarter, while sales growth came in at -14%.
The company holds the No. 18 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings, HF Sinclair and Targa Resources 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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