The Relative Strength (RS) Rating for Marathon Petroleum jumped into a higher percentile Wednesday, as it got a lift from 68 to 72.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Marathon Petroleum can continue to show renewed price strength and clear that threshold.
Marathon Petroleum is now considered extended and out of buy range after clearing a 159.65 buy point in a first-stage flat base. 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 saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -81% to 0%. Revenue rose from -9% to -4%.
Marathon Petroleum earns the No. 14 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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