The Relative Strength (RS) Rating for TechnipFMC moved up into a new percentile Monday, as it got a lift from 68 to 71.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if TechnipFMC can continue to rebound and hit that benchmark.
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While it's not currently an ideal time to invest, see if the stock manages to offer and clear an appropriate buy point.
The company showed 286% earnings growth in the latest quarterly report. Sales increased 14%.
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.
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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