On Tuesday, World Kinect earned an upgrade to its Relative Strength (RS) Rating, from 64 to 76.
This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if World Kinect can continue to rebound and clear that threshold.
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World Kinect is trading within a buying range after climbing above a 25.67 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 31%, compared to 0% in the prior report. Revenue increased from -14% to -12%. Look for the next report on or around Jul. 25.
The company holds the No. 5 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Targa Resources is the No. 1-ranked stock within the group.
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