Championx Stock RS Rating Gushes Higher; This Supplier’s Profits, Sales Grow Amid Oil Industry Boom

After the oil industry endured a dismal 2020 amid the Covid-caused travel falloff, it’s come roaring back this year. On Wednesday, the Relative Strength (RS) Rating for top-ranked oil industry technology and tools supplier Championx (CHX) surged 10 points to 76, up from 66 the day before, reflecting its soaring profits and sales. Championx stock rose 1.4% to 23.15 Wednesday afternoon.


Championx is the top-ranked company in its industry group. The RS Rating jump means that Championx stock has outperformed 76% of all stocks, regardless of industry group, over the past year.

Championx Stock Ratings Improve

Research shows that the stock market’s biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Championx stock can continue to show renewed price strength and clear that threshold.

Among other key ratings, The Woodlands, Texas-based Championx is still working its way up the ladder there too. Its EPS Rating is 68 of a best-possible 99. And Championx stock’s Composite Rating is 69.

In terms of fundamentals, The company’s earnings last quarter grew 400% year over year to 15 cents per share. The prior two quarters its EPS jumped 167% and then 126%. Championx’s revenue grew 29% to $818.8 million in its most recent quarter, after rising 162% and 151% the prior two stanzas.

See How IBD Helps You Make More Money In Stocks

Championx stock is not currently showing a potential entry point. See if the stock goes on to form a chart pattern such as a three-weeks-tight base that could kick off a new price move, or a bounce off its 50-day or 10 week line.

Championx stock holds the No. 1 rank among its peers in the Oil & Gas-Drilling industry group. Valaris (VAL) and Precision Drilling (PDS) are also among the top five companies in the group.

As you try to find the best stocks to buy and watch, keep a close eye on relative price strength.

This unique Relative Strength Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the last 52 weeks matches up against all other stocks.


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