When building your watch list, look for stocks with an 80 or higher RS Rating. Phillips 66 stock met that criteria with a score of 90.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating as they begin their biggest climbs.
Looking For Winning Stocks? Try This Simple Routine
Is Phillips 66 Stock A Buy?
Phillips 66 stock is building a consolidation with a 94.44 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
Earnings growth rose last quarter from 0% to 31,900%, but revenue fell from 149% to 93%. Look for the next report on or around Jan. 29.
Phillips 66 stock earns the No. 3 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Sunoco and Phillips 66 are also among the group's highest-rated stocks. For more industry news, check out "Energy Stocks And Industry News: Oil, Gas, Solar, Coal."
