In a welcome move, Baker Hughes saw its Relative Strength Rating rise from 65 to 77 on Monday.
IBD's proprietary rating tracks 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.
Over 100 years of market history reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Baker Hughes can continue to show renewed price strength and clear that threshold.
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Baker Hughes is not currently showing a potential entry point. See if the stock goes on to form a base that could kick off a new price move.
Earnings-per-share growth declined last quarter from 60% to 37%, but sales rose from 4% to 8%. The company is expected to report its latest performance numbers on or around Apr. 22.
The company holds the No. 2 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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