In a welcome move, Baker Hughes Co Cl A saw its Relative Strength Rating improve from 65 to 72 on Tuesday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
History reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Baker Hughes Co Cl A can continue to rebound and hit that benchmark.
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Baker Hughes Co Cl A is building a cup without handle with a 26.67 entry. See if it can break out in volume at least 40% higher than normal.
Taking a look at top and bottom line numbers, Baker Hughes Co Cl A has posted rising EPS growth over the last two quarters. Top line growth has also risen during the same period.
Baker Hughes Co Cl A holds the No. 2 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Baker Hughes Co Cl A and Cactus are also among the group's highest-rated stocks.
