On Tuesday, Archrock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 74 the day before.
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IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
Archrock is building a consolidation with a 30.44 buy point. See if the stock can break out in heavy volume.
While EPS growth decreased in the company's most recent performance report from 67% to 62%, the top line grew 29%, up from 26% in the prior report.
Archrock holds the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. TechnipFMC and Chart Industries are also among the group's highest-rated stocks.
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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