DRQ shows notable Bullish Divergences on both the Monthly and Quarterly Timeframes at a 0.886 Fibonacci Retrace and is currently trading within a Falling Wedge.
If the Bullish Divergence and Falling Wedge play out, I would expect to see DRQ make its way up to around $60 as a first target and around $94 as a full profit target.
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment.
Bullish inverted head and shoulders with a breakout through ascending triangle.
There is a shortage of available drilling equipment in the United States.
This is one of the more basic principles in the correlation between industries and is very easy to understand, in this case the theory suggests the following: If the price of Oil 2.20% is bullish then Energy Companies react to this in the expectations of better earnings in the future and this is reflected in the behavior of the share price and in the process they...
If you like shorting stock in an overall bull market DRQ offers a good opportunity. It gapped down yesterday on higher volume giving a good signal to take a near-term sell.
This stock is already in a solid downtrend, trading below the 200dma. It recently formed a double top in a downtrend, broke recent support and retested it - and now it has gapped down on...
