The Relative Strength (RS) Rating for Marathon Petroleum (MPC) jumped into a new percentile Wednesday, with a rise from 78 to 81.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database. And keep an eye on the RS Line to see if makes it back to new highs.
History reveals that the top-performing stocks tend to have an RS Rating of over 80 as they begin their biggest climbs.
See How IBD Helps You Make More Money In Stocks
Marathon Petroleum stock has risen more than 5% past a 60.63 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth moved up in the company's latest report from 0% to 146%, but sales fell from 142% to 86%.
Marathon Petroleum stock earns the No. 14 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Sasol (SSL) and Sunoco (SUN) are also among the group's highest-rated stocks.
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