Portfolio Manager David Fingold of Dynamic Funds likes the direction of Dresser-Rand Group, up 20% through November 2010.
Dresser-Rand Group Inc shares are currently trading down about 3.9% on the day.
FORBES: DRC Makes Notable Cross Below Critical Moving Average
Dresser-Rand Group Inc shares are currently trading up about 1.9% on the day.
Dresser-Rand Group Inc shares are currently trading down about 2.1% on the day.
Dresser-Rand Group Inc shares are currently trading off about 3.8% on the day.
Dresser-Rand equipment, used at nearly every stage of the oil-and-gas supply chain, is well positioned to take advantage of the global investment increase in energy infrastructure.
After Macaulay got word at a dinner that Dresser-Rand might be turning around, he approached Ingersoll-Rand with a deal to get the unit off its books without taking a writedown.
Dresser-Rand, the nation's largest maker of gas compressors and turbines for the oil patch, was languishing in the hands of Ingersoll-Rand, the industrial machinery giant that had little interest in hydrocarbons.
Dresser-Rand, the nation's largest maker of gas compressors and turbines for the oil patch, was languishing in the hands of Ingersoll-Rand (nyse: IR - news - people ), the industrial machinery giant that had little interest in hydrocarbons.
In the case of Dresser-Rand Group Inc, the RSI reading has hit 28.2 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 47.8, the RSI of WTI Crude Oil is at 51.4, and the RSI of Henry Hub Natural Gas is presently 37.2.
In the case of Dresser-Rand Group Inc, the RSI reading has hit 28.3 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 38.9, the RSI of WTI Crude Oil is at 13.3, and the RSI of Henry Hub Natural Gas is presently 47.5.
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