The Relative Strength (RS) Rating for DNOW moved up into a new percentile Thursday, as it got a lift from 64 to 73.
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IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their largest price moves. See if DNOW can continue to rebound and hit that benchmark.
DNOW is trying to complete a consolidation with an 18.45 buy point. See if the stock can clear the breakout price in heavy volume.
While the company's bottom line growth decreased in the company's most recently reported quarter from 14% to 5%, revenue grew 6%, up from 3% in the previous report.
The company holds the No. 3 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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