Delek US Holdings saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 87 to 91.
Here Are 3 Keys For Successful Stock Investing
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 movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 at the beginning of a new price run.
Delek US Holdings is now considered extended and out of buy range after clearing a 17.77 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 0% earnings growth last quarter, while sales growth came in at -16%.
Delek US Holdings earns the No. 8 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings, Targa Resources and HF Sinclair 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.
RELATED:
Stocks With Rising Relative Strength Ratings
