One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Oceaneering Intl just hit that mark, with a jump from 67 to 82 Thursday.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their biggest runs.
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Oceaneering Intl is building a consolidation with a 30.45 entry. See if it can break out in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those entail more risk.
The company posted -5% EPS growth in the latest quarterly report, while sales growth came in at 7%.
Oceaneering Intl earns the No. 2 rank among its peers in the Oil & Gas-Field Services industry group. Oceaneering Intl is the No. 1-ranked stock within the group.
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