ChampionX had its Relative Strength (RS) Rating upgraded to 90 from 81.
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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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The oil and drilling technology solutions company has been performing well amid the oil industry boom. Earnings growth rose last quarter from 0% to 400%. But revenue gains fell from 151% to 29%.
First In Its Class
ChampionX stock holds the No. 1 rank among its peers in the Oil & Gas-Drilling industry group. As of Thursday, this subgroup is ranked No. 18 among 197 industries. For more industry news, check out "Energy Stocks And Industry News: Oil, Gas, Solar, Coal."
