One important metric to look for in a stock is an 80 or higher Relative Strength Rating. HF Sinclair just hit that mark, with a jump from 75 to 81 Wednesday.
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IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an RS Rating of above 80 as they launch their biggest runs.
HF Sinclair is building a flat base with a 46.24 buy point. See if it can break out in volume at least 40% above average.
Earnings growth increased last quarter from 0% to 118%. But sales fell from -9% to -14%.
The company holds the No. 6 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings, Targa Resources and UGI 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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