CVR Energy saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 92 the day before. It is currently trading just below the 200-day moving average.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
CVR Energy is not currently near a proper buy zone. While it has cleared several key moving averages, it is still below the 200-day. The Relative Strength rating shows 86 on a MarketSmith chart, which is positive, but it is not really trending higher. Look for the stock to form and break out of a new chart pattern, ideally in higher volume.
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One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Earnings Report
In Q4, the company posted 0% earnings growth. Sales growth fell to 27%, down from 43% in the prior quarter.
CVR Energy holds the No. 1 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings and Valero Energy are also among the group's highest-rated stocks.
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