Tuesday, September 14, 2021

DRQ Dril-Quip

 


Above is a 6 month and a 3 year chart of DRQ.

It has bounced off multi year support of $22, and over sold. The 6 month shows the down trend line has broken, with indicators showing strength. Will it be enough to go bullish?

It is a manufacturer of offshore drilling equipment so lots of bearishness built into the stock.