Stock Upgrades: Oceaneering International Shows Rising Relative Strength

In a welcome move, Oceaneering International (OII) saw its Relative Strength Rating improve from 65 to 72 on Wednesday.


When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks compares to other publicly traded companies.

History reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest climbs. See if Oceaneering International can continue to show renewed price strength and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Oceaneering International is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could launch a new move.

Earnings growth rose last quarter from 0% to 94%. But revenue gains fell from 17% to 6%.

The company holds the No. 12 rank among its peers in the Oil & Gas-Field Services industry group. Halliburton (HAL) and Schlumberger (SLB) are also among the group’s highest-rated stocks.


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