Quantcast

Stocks To Watch: Murphy USA Sees RS Rating Rise To 83


Shutterstock photo

Murphy USA ( MUSA ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Tuesday, with an upgrade from 80 to 83.

[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research shows that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Murphy USA has climbed more than 5% past a 76.84 entry in a first-stage cup with handle , meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings growth increased last quarter from 29% to 64%. But sales fell from 7% to 6%. Look for the next report on or around Feb. 1.

The company holds the No. 2 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market ( SFM ) is the top-ranked stock within the group.

RELATED:

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: MUSA , RS , SFM



More from Investor's Business Daily

Subscribe






Investor's Business Daily
Contributor:

Investor's Business Daily

Investing










Research Brokers before you trade

Want to trade FX?