Halliburton stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 78 to 86.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Halliburton Stock A Buy?
Halliburton stock has been trading below its 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a chart pattern and break out. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 88%, compared to 84% in the prior report. Revenue increased from 24% to 37%.
Halliburton stock earns the No. 7 rank among its peers in the Oil & Gas-Field Services industry group. Schlumberger and Profrac Holding Crp Cl A are also among the group's highest-rated stocks.
