DNOW saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 77 to 81.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or better RS Rating as they launch their biggest runs.
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% higher than normal.
EPS growth fell last quarter from 14% to 5%, but the top line rose from 3% to 6%.
DNOW earns the No. 4 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock is the top-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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