Archrock saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.
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The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Archrock is currently forming a double bottom, with a 27.70 entry. Look for the stock to break out in heavy trade at least 40% higher than normal.
The stock sports a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The company posted a 62% earnings-per-share gain for Q1. Sales growth rose 29%, up from 26% in the prior quarter. The company has now posted accelerating growth in each of the last three reports.
Archrock earns the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Chart Industries and TechnipFMC are also among the group's highest-rated stocks.
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