Banking

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.




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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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