Baker Hughes saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 78 to 82.
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This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Baker Hughes is working on a cup without handle with a 49.40 entry. See if the stock can clear the breakout price in heavy trading.
Baker Hughes showed 11% earnings growth in its most recent report, while sales growth came in at -3%.
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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