In a welcome move, Baker Hughes saw its Relative Strength Rating rise from 62 to 73 on Friday.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the top-performing stocks tend to have an RS Rating of over 80 as they launch their largest runs. See if Baker Hughes can continue to show renewed price strength and clear that threshold.
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Baker Hughes is working on a cup with handle with a 38.30 buy point. See if it can break out in heavy trading.
While revenue growth fell last quarter from 13% to 4%, EPS grew 60%, up from 46% in the prior report.
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.
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