On Thursday, Calumet got an upgrade to its Relative Strength (RS) Rating, from 88 to 91.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
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Calumet is working on a consolidation with a 25.29 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The company posted 0% EPS growth in its most recent report, while sales growth came in at -4%.
Calumet holds the No. 8 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Global Partners, Targa Resources and UGI are among the top 5 highly rated stocks within the group.
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