PBF Energy Joins Elite Club Of Stocks With RS Ratings Over 90

On Thursday, PBF Energy (PBF) cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 90 the day before.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.

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PBF Energy is now considered extended and out of buy range after clearing an 8.97 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings growth fell in the company’s most recent report from 0% to -855%, but sales rose from -43% to -42%. Keep an eye out for the company’s next round of numbers on or around May 15.

PBF Energy holds the No. 17 rank among its peers in the Oil & Gas-Refining/Marketing industry group. CrossAmerica Partners (CAPL), Global Partners (GLP) and Sasol (SSL) are among the top 5 highly rated stocks within the group.

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