Stocks Showing Improved Relative Strength: N O V

The Relative Strength (RS) Rating for N O V (NOV) climbed into a new percentile Thursday, as it got a lift from 68 to 73.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if N O V can continue to rebound and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

N O V is trying to complete a cup without handle with a 17.60 entry. See if it can clear the breakout price in volume at least 40% higher than normal.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 94%, compared to 0% in the prior report. Revenue increased from -42% to -34%.

The company holds the No. 7 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Baker Hughes Co Cl A (BKR) and Cactus (WHD) are also among the group’s highest-rated stocks.


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