The Relative Strength (RS) Rating for Core Laboratories moved into a higher percentile Wednesday, as it got a lift from 69 to 78 after the close.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their largest price moves. See if Core Laboratories Nv can continue to show renewed price strength and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out. It has had quite a run of higher closes recently, so worth watching closely.
Earnings Report
Core Laboratories stock posted -47% earnings growth in its most recent report. Sales rose 6%.
Core Laboratories earns the No. 24 rank among its peers in the Oil & Gas-Field Services industry group. Halliburton and Schlumberger are also among the group's highest-rated stocks.
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