Phillips 66 stock had its Relative Strength (RS) Rating upgraded from 68 to 76 Monday -- a welcome improvement, but still short of the 80 or better score you look for.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Phillips 66 stock can continue to show renewed price strength and hit that benchmark.
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Is Phillips 66 Stock A Buy?
Phillips 66 stock is building a consolidation with a 113.63 entry. See if it can clear the breakout price in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The oil & gas refining firm showed 36% EPS growth in its most recent report. Revenue increased 22%.
Phillips 66 stock holds the No. 11 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Global Partners and CrossAmerica Partners are also among the group's highest-rated stocks.
