On Thursday, Murphy USA earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 73.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Murphy USA can continue to show renewed price strength and hit that benchmark.
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Murphy USA is working on a consolidation with a 323.10 entry. After a big earnings day gap up, it has fallen back. See if the stock can break out of this pattern in volume at least 40% higher than normal. Keep in mind it is a low-volume stock despite the high price, so it could be volatile.
The company reported negative growth for both the top and bottom lines last quarter.
Murphy USA earns the No. 3 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market is among the group's highest-rated stocks.
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