Credit: Shutterstock photoThe Relative Strength ( RS ) Rating for Murphy USA ( MUSA ) climbed into a new percentile Monday, as it got a lift from 68 to 72.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest climbs. See if Murphy USA can continue to show renewed price strength and clear that threshold.
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Murphy USA is in a buying range after climbing above a 76.84 buy point in a cup with handle . The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
While the company's top line growth fell last quarter from 7% to 6%, EPS grew 64%, up from 29% in the prior report.
The company earns 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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
