In a welcome move, Phillips 66 saw its Relative Strength Rating improve from 69 to 72 on Tuesday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating of above 80 as they launch their biggest climbs. See if Phillips 66 can continue to show renewed price strength and clear that threshold.
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While Phillips 66 is not near a proper buy zone right now, see if it goes on to form and break out of a proper base. The RS Line is rising, the stock has cleared the 200-day moving average, and is currently tying to clear 3 other MA's. Volume is trending lower, however, not a a sign of strength.
Earnings News
Earnings grew 815% last quarter, up from 0% in the prior report. Revenue also increased, from 67% to 77%.
Phillips 66 holds the No. 11 rank among its peers in the Oil & Gas-Refining/Marketing industry group. H F SinclairCorp and Global Partners are also among the group's highest-rated stocks.
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