The Relative Strength (RS) Rating for DNOW moved up into a new percentile Monday, as it got a lift from 66 to 75.
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IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest price moves. See if DNOW can continue to show renewed price strength and hit that benchmark.
DNOW is trying to complete a consolidation with an 18.45 buy point. See if it can clear the breakout price in volume at least 40% above average.
Earnings growth fell in the most recent quarter from 14% to 5%. But sales moved higher, from 3% to 6%.
DNOW holds the No. 4 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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