DNOW Inc is a leading distributor of energy and industrial products, equipment, and services. They serve a wide range of industries, including oil and gas, petrochemical, power generation, and manufacturing. DNOW offers a comprehensive portfolio of products and solutions to support the operational needs of their customers.
The stock of DNOW Inc is currently retesting a resistance level for the first time after a swift upward rally. This means that the stock price has experienced a rapid increase and is now encountering a level where selling pressure may emerge. It is expected to see some digestion of gains at this logical place, as investors take profits or reassess their positions.
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