Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Archrock Meets 80-Plus Relative Strength Rating Benchmark

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Archrock just hit that mark, with a jump from 76 to 81 Tuesday.

This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.

History reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest runs.

Risk Management In The Stock Market: How Much Money To Invest Now

Archrock is working on a cup with handle with a 21.87 buy point. See if the stock can break out in volume at least 40% above average.

The company reported 38% EPS growth in its most recent report. Sales rose 9%. Look for the next report on or around Nov. 11.

Archrock earns the No. 2 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Chart Industries is the No. 1-ranked stock within the group.

RELATED:

Which Stocks Are Showing Improved Technical Action?

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Ready To Grow Your Investing Skills? Join An IBD Meetup Group!

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.