Baker Hughes saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 70 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating as they begin their largest climbs. See if Baker Hughes can continue to rebound and hit that benchmark.
Baker Hughes is trying to complete a cup with handle with a 46.72 buy point. See if the stock can clear the breakout price in heavy trade.
The company posted 11% EPS growth in the latest quarterly report, 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. Archrock 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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