When building your watch list, focus on stocks with an 80 or higher RS Rating. DNOW just cleared that benchmark with an upgrade from 78 to 82.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
DNOW is working on a cup without handle with a 15.64 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
The company posted -16% EPS growth in the latest quarterly report, while sales growth came in at 3%.
DNOW holds the No. 8 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Chart Industries, Archrock and Natural Gas Services are among the top 5 highly rated stocks within the group.
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