Summary

• 100% technical buy signals.
• 15 new highs and up 45.52% in the last month.
• 59.02% gain in the last year.

The Barchart Chart of the Day belongs to the oil field machinery and equipment company Oil States International (NYSE: OIS).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 2/8 the stock gained 48.52%. 

Oil States International, Inc., through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle. It also provides services, including wellhead isolation, frac valve, wireline, and coiled tubing support, flowback and well testing, pipe recovery, gravel pack, and sand control, blowout preventer, and drilling services. The Downhole Technologies segment provides oil and gas perforation systems, and downhole tools in support of completion, intervention, wireline, and well abandonment operations. This segment also designs, manufactures, and markets its consumable engineered products to oilfield service, and exploration and production companies. The Offshore/Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels; and short-cycle and other products. Its products include flexible bearings, advanced connector systems, high-pressure riser systems, deepwater mooring systems, cranes, subsea pipeline products, and blow-out preventer stack integration products. This segment also provides short-cycle products, such as valves, elastomers, and other specialty products that are used in the land-based drilling and completion markets; and other products for use in industrial, military, and other applications. In addition, it offers specialty welding, fabrication, cladding and machining, offshore installation, and inspection and repair services. The company was incorporated in 1995 and is headquartered in Houston, Texas.

Barchart technical indicators:

• 100% technical buy signals
• 219.93+ Weighted Alpha
• 59.02% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50, and 100 day moving averages
• 15 new highs and up 45.52% in the last month
• Relative Strength Index 79.90%
• Technical support level at 8.92
• Recently traded at 9.43 with a 50 day moving average of 6.48

Fundamental factors:

• Market Cap $547 million
• Revenue expected to grow 16.00% next year
• Earnings estimated to increase 34.30% this year and an additional 77.50% next year
• Wall Street analysts issued 1 strong buy, 6 buy, and 14 hold recommendations on the stock
• The individual investors following the stock on Motley Fool voted 389 to 22 that the stock will beat the market
• 3,180 investors are monitoring the stock on Seeking Alpha