PBF Energy had its Relative Strength (RS) Rating upgraded from 66 to 84 Friday.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest price moves.
While the stock is not near a proper buy zone right now, see if it is able to form and break out from a proper chart pattern.
The company reported 0% EPS growth in the latest quarterly report. Sales gains came in at -18%. The company is expected to report its latest results on or around Jul. 31.
The company holds the No. 18 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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