Sunoco saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 66 to 71.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Sunoco can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
Sunoco showed 0% earnings growth in the latest quarterly report. Sales rose -7%. Keep an eye out for the company's next round of numbers on or around May 6.
The company 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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