In a welcome move, DNOW saw its Relative Strength Rating rise from 69 to 78 on Monday.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if DNOW can continue to show renewed price strength and hit that benchmark.
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DNOW is building a cup without handle with a 15.64 buy point. See if the stock can break out in volume at least 40% above average.
The company showed -16% EPS growth in its most recent report, while sales growth came in at 3%.
DNOW earns the No. 8 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Chart Industries, Archrock and Baker Hughes are among the top 5 highly rated stocks within the group.
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