On Tuesday, Delek US Holdings cleared a key technical benchmark, with its Relative Strength (RS) Rating jumping into the 90-plus percentile with an improvement to 91, a rise from 88 the day before.
How To Use Stock Charts To Stay Profitable And Protected
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their largest runs.
Delek US Holdings is trying to complete a cup without handle with a 27.07 entry. See if it can clear the breakout price in heavy trade.
The company showed 0% earnings growth in its most recent report, while sales growth came in at -16%.
The company earns the No. 9 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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