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Newpark Resource is Among the Companies in the Oil & Gas Equipment & Services Industry with the Best Relative Performance (NR , CRR , MDR , FI , RES )

By David Diaz

We looked at the Oil & Gas Equipment & Services industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Newpark Resource (NYSE:NR ) ranks first with a gain of 2.66%; Carbo Ceramics (NYSE:CRR ) ranks second with a gain of 2.45%; and Mcdermott Intl (NYSE:MDR ) ranks third with a gain of 1.95%.

Frank'S Internat (NYSE:FI ) follows with a gain of 1.75% and Rpc Inc (NYSE:RES ) rounds out the top five with a gain of 1.54%.

SmarTrend recommended that its subscribers protect gains by selling shares of Rpc Inc on January 24th, 2018 by issuing a Downtrend alert when the shares were trading at $22.52. Since that call, shares of Rpc Inc have fallen 19.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance newpark resource carbo ceramics mcdermott intl frank's internat rpc inc

Ticker(s): NR CRR MDR FI RES