Archrock saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 93 to 96.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Archrock is now out of buy range after breaking out from a 21.87 entry in a cup with handle.
The stock has a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company posted 70% EPS growth. Sales growth increased 42%, up from 29% in the prior report. That marks four consecutive reports with rising growth.
Archrock holds the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Enerflex and Chart Industries are also among the group's highest-rated stocks.
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