In a welcome move, Sunoco saw its Relative Strength Rating improve from 69 to 79 on Monday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their largest runs. See if Sunoco can continue to rebound and clear that threshold.
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Sunoco is trying to complete a consolidation with a 64.89 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company posted 0% earnings growth in its most recent report, while sales growth came in at -7%. The company is expected to report its latest results on or around May 6.
Sunoco earns the No. 6 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Targa Resources, Global Partners 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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