The Relative Strength (RS) Rating for Marathon Petroleum stock entered a new percentile Tuesday, as it got a lift from 63 to 76.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Marathon Petroleum stock can continue to rebound and hit that benchmark.
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Is Marathon Petroleum Stock A Buy?
Marathon Petroleum stock has pulled back below its 200-day moving average since hitting a 52-week high on April 3. Now is not an ideal time to jump in this oil & gas refining stock since it isn't near a proper buy zone, but see if the stock manages to form a consolidation and break out.
The oil & gas refining company posted 309% earnings growth last quarter, while sales growth came in at -9%.
Marathon Petroleum stock earns the No. 6 rank among its peers in the Oil & Gas-Refining/Marketing industry group. CrossAmerica Partners and Par Pacific Holdings are also among the group's highest-rated stocks.
