Murphy USA (MUSA) is breaking out into new highs, triggering a low-risk entry point.
Relative strength has been surging all year as shares steadily outperformed the market. After a gap up earning move on July 28, the stock consolidated for three weeks with minimal pullbacks - a sign that buyers are not selling and the stock is moving to the strong hands.
Sales are up 62%, 67%, 45% and 52% in each of the last four quarters respectively. Earnings are up even more.
This is a market-leading stock and the leading stock in one of the top market groups.
Institutions are also buying it. The number of funds that own MUSA stock is up almost 20% in the last year (602 funds as of June).
MUSA is now making new highs as the market rallies off its lows. Consider buying here with a tight stop below $279 to risk just 4.4% on the trade.
Relative strength has been surging all year as shares steadily outperformed the market. After a gap up earning move on July 28, the stock consolidated for three weeks with minimal pullbacks - a sign that buyers are not selling and the stock is moving to the strong hands.
Sales are up 62%, 67%, 45% and 52% in each of the last four quarters respectively. Earnings are up even more.
This is a market-leading stock and the leading stock in one of the top market groups.
Institutions are also buying it. The number of funds that own MUSA stock is up almost 20% in the last year (602 funds as of June).
MUSA is now making new highs as the market rallies off its lows. Consider buying here with a tight stop below $279 to risk just 4.4% on the trade.