The Relative Strength (RS) Rating for Cactus Cl A headed into a new percentile Wednesday, as it got a lift from 70 to 74.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Cactus Cl A can continue to rebound and clear that threshold.
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Cactus Cl A is building a consolidation with a 70.01 entry. See if the stock can clear the breakout price in heavy volume.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -4% to -1%. Revenue rose from -5% to 2%. The company is expected to report its latest results on or around Feb. 26.
Cactus Cl A holds the No. 13 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock, Chart Industries and Natural Gas Services are among the top 5 highly rated stocks within the group.
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