The Relative Strength (RS) Rating for Oceaneering Intl headed into a new percentile Friday, as it got a lift from 62 to 72.
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest price moves. See if Oceaneering Intl can continue to rebound and clear that threshold.
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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 is able to establish and enter a buy zone in heavy trade.
Oceaneering Intl showed -5% EPS growth in the latest quarterly report. Revenue rose 7%.
Oceaneering Intl earns the No. 3 rank among its peers in the Oil & Gas-Field Services industry group. North Amer Construction is the No. 1-ranked stock within the group.
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