One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Archrock just hit that mark, with a jump from 76 to 81 Tuesday.
This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest runs.
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Archrock is working on a cup with handle with a 21.87 buy point. See if the stock can break out in volume at least 40% above average.
The company reported 38% EPS growth in its most recent report. Sales rose 9%. Look for the next report on or around Nov. 11.
Archrock earns the No. 2 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Chart Industries is the No. 1-ranked stock within the group.
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