On Tuesday, World Kinect got an upgrade to its Relative Strength (RS) Rating, from 77 to 82.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest climbs.
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World Kinect is building a consolidation with a 31.70 entry. See if the stock can break out in volume at least 40% higher than normal.
In terms of fundamentals, World Kinect has posted rising EPS growth over the last two quarters. Revenue growth has been less impressive, coming in at -19% in the latest report.
The company earns the No. 9 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Targa Resources, Global Partners and Sunoco 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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