The Relative Strength (RS) Rating for Cactus Cl A jumped into a new percentile Friday, as it got a lift from 64 to 75.
IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Cactus Cl A can continue to show renewed price strength and hit that benchmark.
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Cactus Cl A broke out earlier, but is now about 5% below the prior 64.56 entry from a cup with handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the latest pattern is a later-stage base, and such bases are more prone to failure.
Earnings grew -1% last quarter, up from -4% in the prior report. Revenue also increased, from -5% to 2%.
The company earns the No. 5 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock is the No. 1-ranked stock within the group.
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