Superior Drilling Products - Chart Of The Day

The Chart of the Day belongs to Superior Drilling Products (NYSEMKT: SDPI). Since the Trend Spotter signaled a buy on 3/21 the stock gained 25.58%.

Superior Drilling Products, Inc. operates as a manufacturer and remanufacturer of PDC (polycrystalline diamond compact) drill bits and drill string tools for the oil, natural gas and mining services industries. It also provides manufacturing, leasing, and refurbishing of drill string tools to oil field services clients. Superior Drilling Products, Inc. is based in United States.

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Barchart technical indicators:

• 100% technical buy signals
• 192.67+ Weighted Alpha
• 130.18% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 13.88% in the last month
• Relative Strength Index 74.20%
• Technical support level at 1.93
• Recently traded at 2.19 with a 50 day moving average of 1.77

Fundamental factors:

• Market Cap $49 million
• Revenue expected to grow 23.70% this year and another 26.90% next year
• Earnings estimated to increase 600.00% this year and an additional 57.10% next year
• Wall Street analysts issued 2 string buy recommendations on the stock