On Friday, Oceaneering Intl received a positive adjustment to its Relative Strength (RS) Rating, from 65 to 72.
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IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Oceaneering Intl can continue to show renewed price strength and clear that threshold.
While the stock is not near a proper buy zone right now, see if it goes on to form and break out from a proper chart pattern.
The company reported 75% EPS growth in the latest quarterly report, while sales growth came in at 4%.
The company holds the No. 4 rank among its peers in the Oil & Gas-Field Services industry group. NPK International 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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