Dril-Quip shows a strong performance for several trading sessions.
The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimations. The profitability of the company's business remains good and the group has a positive treasury, sign of a healthy situation.
From a technical viewpoint, prices are well oriented, in a bullish trend on different time scales, supported by 20-day moving average. This positive trend is expected to continue and for the share to cross the USD 119.4 resistance.
Taking into account all these elements, investors could buy the stock above the USD 119.4 resistance. The target price is set above the USD 125 bullish trend line. A stop loss will be fixed below the entry point, threshold that would invalidate the strategy.
Dril-Quip, Inc. is a developer, manufacturer and provider of highly engineered equipment, service and technologies for use in the energy industry. The Company's segments include Subsea Products, Subsea Services and Well Construction. Its Subsea Products segment manufactures highly engineered products with a wide array of deepwater drilling equipment and technology that meets the requirements for harsh subsea environments. The Company's Subsea Services segment provides aftermarket support and technical services with field technicians that support the full installation and lifecycle management of regulatory and industry standards, as well as offering industry training programs. Its Well Construction segment provides products and services utilized in the construction of the wellbore, such as completions, casing hardware and liner hanger systems. Its Well Construction segment also includes Great North's operations. These products and services are used on both land and offshore markets.
DRIL-QUIP, INC. 
