The Relative Strength (RS) Rating for Schlumberger jumped into a new percentile Monday, with a rise from 77 to 86.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves.
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Is Schlumberger Stock A Buy?
Schlumberger stock is trading below its 200-day moving average and not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could spark a new run. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The oil and gas services firm saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 62% to 67%. Revenue rose from 14% to 20%.
Schlumberger stock earns the No. 5 rank among its peers in the Oil & Gas-Field Services industry group. Schlumberger and Halliburton are also among the group's highest-rated stocks.
