Baker Hughes Co Sees IBD Relative Strength Rating Climb To 74

The Relative Strength (RS) Rating for Baker Hughes Co Cl A (BKR) climbed into a higher percentile Wednesday, as it got a lift from 69 to 74.


When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating measures market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their largest runs. See if Baker Hughes Co Cl A can continue to rebound and hit that benchmark.

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Baker Hughes Co stock is building a cup without handle with a 26.67 buy point. Keep a close eye on it to see if it can break out in heavy volume. Or maybe even form a handle in this choppy market.

In terms of fundamentals, the company has posted rising EPS growth in each of the last two reports. Revenue growth has also risen over the same time frame. Baker Hughes Co Cl A is expected to release its next quarterly numbers on or around Oct. 21.

Baker Hughes Co stock earns the No. 2 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Cactus (WHD) is also among the group’s highest-rated stocks.


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