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Dril-Quip Trying To Close In On Key Technical Measure

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The Relative Strength ( RS ) Rating for Dril-Quip ( DRQ ) moved up into a higher percentile Tuesday, as it got a lift from 65 to 71.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.

Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Dril-Quip can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

Dril-Quip is building a cup without handle with a 69.50 buy point . See if the stock can break out in heavy trading.

The company reported negative growth for both sales and earnings last quarter.

The company holds the No. 12 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. TechnipFmc ( FTI ), MRC Global ( MRC ) and ION Geophysical ( IO ) are among the top 5 highly rated stocks within the group.

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


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

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