Credit: Shutterstock photoHelmerich & Payne ( HP ) had its Relative Strength ( RS ) Rating upgraded from 70 to 73 Thursday -- a welcome improvement, but still shy of the 80 or better score you prefer to see.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Helmerich & Payne can continue to show renewed price strength and hit that benchmark.
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Helmerich & Payne is not currently offering a proper buying opportunity. See if the stock goes on to build a base that could kick off a new price move.
Taking a look at top and bottom line numbers, Helmerich & Payne has posted four quarters of accelerating earnings growth. Sales gains have also risen during the same period. The company is expected to release its next quarterly numbers on or around Jan. 26.
Helmerich & Payne earns the No. 2 rank among its peers in the Oil & Gas-Drilling industry group. Diamond Offshore Drill ( DO ) is the top-ranked stock 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.
