The Relative Strength (RS) Rating for Baker Hughes climbed into a new percentile Thursday, with an increase from 77 to 85.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Baker Hughes has climbed more than 5% past a 38.30 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth increased last quarter from 46% to 60%. But revenue gains fell from 13% to 4%.
Baker Hughes holds the No. 4 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Chart Industries is the No. 1-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
