In the Oil Exploration and Production Sector, There are few stocks with a little bit of strength. One such ticker is TSO. The Question is, Is it going to hold the trend? or CRAP out of the trend and ROLL Over.
Either way, All TSO needs is to see Crude Oil Gains a little strength, then we have a good probability of a breakout.
The Second to this list would be VLO with a bit more strength than COP and the Sector. btw, for those not familiar with XOP - this sector has a wide stock distribution. The Top 10 stocks in this sector constitutes only 12%.
Sector also carries heavy weight on TSO with 2% and the top holding.
TSO Tesoro Corporation Common Stock 2.09% PBF PBF Energy Inc. Class A Common 1.92% INT World Fuel Services Corporation 1.80% MPC Marathon Petroleum Corporation 1.74% VLO Valero Energy Corporation Commo 1.68% COG Cabot Oil & Gas Corporation Com 1.68% CVI CVR Energy Inc. Common Stock 1.63% EQT EQT Corporation Common Stock 1.62% WNR Western Refining Inc. Western R 1.60% XOM Exxon Mobil Corporation Common 1.59%
Here is a reason, Why You should follow the Strongest Stock From A Sector.
Oil Prices are heading Lower, What is TSO / VLO doing? Going higher or even a little strength. Relative Strength (relation to its parent sector / industry) is important.
UDAY_C_Santhakumar
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TSO - rallies
UDAY_C_Santhakumar
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Strongest Stock in a strongest sector is always on watch. These are usually sorted with my rating indicator. I havent found a way to do this on tradingview. I have them on TOS, and will be better on tradestation, if i can access. Never looked into other platforms. May be in future. This rating system is my primary Indicator.
Oil Prices are heading Lower, What is TSO / VLO doing? Going higher or even a little strength. Relative Strength (relation to its parent sector / industry) is important.