Schlumberger saw a positive improvement to its Relative Strength (RS) Rating on Tuesday morning before the open, with an increase from 80 to 84. Market struggles since the open have caused the stock to fall over 1%.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows 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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Schlumberger is trying to complete a consolidation with a 56.44 entry. See if it can clear the breakout price in heavy trade. Keep in mind it still has some overhead resistance as it trades below some key moving averages.
Earnings News
Top and bottom line growth moved higher last quarter. Earnings were up 85%, compared to 73% in the prior report. Revenue increased from 27% to 30%.
The company holds the No. 5 rank among its peers in the Oil & Gas-Field Services industry group. Tidewater and North Amer Construction are also among the group's highest-rated stocks.
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