Stocks Showing Rising Market Leadership: Delek US Holdings Earns 83 RS Rating

On Friday, Delek US Holdings (DK) hit an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 83, an increase from 76 the day before.


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 using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the trailing 52 weeks matches up against other publicly traded companies.

History shows that the best stocks often have an RS Rating of above 80 in the early stages of their moves.

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While now is not an ideal time to buy shares, see if the stock is able to establish and enter a buying range in heavy trade.

The company posted negative growth for both the top and bottom lines last quarter.

Delek US Holdings earns the No. 14 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Sasol (SSL) and Targa Resources (TRGP) are also among the group’s highest-rated stocks.


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