Cactus, Inc. (WHD)

Cactus, Inc. is trading at $60.38, down 5.91% on the session. The 50 day average sits at $67.02 and the 200 day at $57.90, which puts the stock in a uptrend. RSI is at 50.3, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $62.18 with resistance near $64.50, so that band frames the current range. Average daily movement is roughly $1.86, or about 3.1% of the share price, which is what any stop placement has to allow for. The overall health score of 64 out of 100 combines a trend score of 61, momentum of 63 and a risk score of 69.

Cactus, Inc., together with its subsidiaries, designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally. The company operates in two segments: Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellheads and pressure control equipment under the Cactus Wellhead brand through its service centers. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases. This segment also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the equipment. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipes and associated end fittings under the FlexSteel brand. Its products are primarily used in production, gathering, and takeaway pipelines to transport oil, gas, and other liquids. This segment also provides field services and rental items to assist with installation through service centers and pipe yards, as well as equipment and services. The company also offers repair and refurbishment services for pressure control equipment. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.