Quantcast

Stocks With Rising Relative Price Strength: Diamond Offshore Drill


Shutterstock photo

On Thursday, Diamond Offshore Drill ( DO ) reached an important technical milestone, seeing its Relative Strength ( RS ) Rating jump into the 80-plus percentile with an improvement to 85, up from 80 the day before.

[ibd-display-video id=2531707 width=50 float=left autostart=true] IBD's proprietary rating measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the best-performing stocks often have an 80 or higher RS Rating as they launch their biggest runs.

Looking For The Best Stocks To Buy And Watch? Start Here

Diamond Offshore Drill is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could launch a new move.

Earnings-per-share growth dropped last quarter from 181% to 150%, but sales rose from 3% to 5%.

Diamond Offshore Drill holds the No. 1 rank among its peers in the Oil & Gas-Drilling industry group. Patterson-Uti Energy ( PTEN ) and Rowan Companies ( RDC ) are also among the group's highest-rated stocks.

RELATED:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: DO , RS , PTEN , RDC


More from Investor's Business Daily

Subscribe






Investor's Business Daily
Contributor:

Investor's Business Daily

Investing








Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com