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Relatively Good Performance Detected in Shares of Oceaneering Intl in the Oil & Gas Equipment & Services Industry (OII , SLB , FTI, NR , HLX )

By David Diaz

Below are the top five companies in the Oil & Gas Equipment & Services industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.

Oceaneering Intl (NYSE:OII ) ranks first with a gain of 4.44%; Schlumberger Ltd (NYSE:SLB ) ranks second with a gain of 3.97%; and Technipfmc Plc (NYSE:FTI) ranks third with a gain of 3.80%.

Newpark Resource (NYSE:NR ) follows with a gain of 3.23% and Helix Energy Sol (NYSE:HLX ) rounds out the top five with a gain of 3.09%.

SmarTrend recommended that its subscribers protect gains by selling shares of Oceaneering Intl on July 17th, 2019 by issuing a Downtrend alert when the shares were trading at $18.36. Since that call, shares of Oceaneering Intl have fallen 32.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance oceaneering intl schlumberger ltd technipfmc plc newpark resource helix energy sol