One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Archrock cleared that benchmark Monday, with a jump from 80 to 83 Monday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest price moves.
Archrock is trying to complete a double bottom with a 27.70 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
While the company's bottom line growth decreased last quarter from 67% to 62%, sales rose 29%, up from 26% in the prior report.
The company earns the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. TechnipFMC and Chart Industries are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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