In a welcome move, Weatherford Intl saw its Relative Strength Rating improve from 64 to 71 on Wednesday.
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This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves. See if Weatherford Intl can continue to show renewed price strength and hit that benchmark.
Weatherford Intl is not currently showing a potential entry point. See if the stock goes on to form a base that could ignite a new run.
While the company's top line growth fell last quarter from -12% to -14%, earnings-per-share grew 13%, up from -31% in the prior report.
The company holds the No. 13 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Enerflex, Archrock and Chart Industries are among the top 5 highly rated stocks 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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