Delek US Holdings had its Relative Strength (RS) Rating upgraded from 88 to 91 Thursday. The oil and gas refiner has 90 Composite Rating.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Is Delek US Holdings Stock A Buy?
Delek US Holdings broke out earlier, but has fallen back below the prior 22.29 entry from a cup without handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also understand that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 77%, compared to 0% in the prior report. Revenue increased from 43% to 65%.
Delek US Holdings stock earns the No. 13 rank among its peers in the Oil & Gas-Refining/Marketing industry group. CrossAmerica Partners, Valero Energy and Cosan S A are among the top 5 highly rated stocks within the group.
