Baker Hughes saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 67 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners typically have an 80 or better RS Rating as they launch their biggest climbs. See if Baker Hughes can continue to show renewed price strength and clear that threshold.
Baker Hughes is building a cup with handle with a 46.72 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The company showed 11% earnings growth last quarter, while sales growth came in at -3%.
The company earns the No. 5 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Chart Industries is the No. 1-ranked stock within the group.
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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