Stock Upgrades: Sunoco Shows Rising Relative Strength

Sunoco (SUN) saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 80 to 83.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This proprietary rating measures 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.

Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 as they launch their biggest price moves.

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Sunoco is building a cup without handle with a 39.10 buy point. See if the stock can clear the breakout price in volume at least 40% above average.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 5%, compared to 0% in the prior report. Revenue increased from 6% to 111%. Look for the next report on or around Nov. 4.

The company holds the No. 3 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Adams Res & Energy (AE) and Sunoco (SUN) are also among the group’s highest-rated stocks.


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