On Tuesday, Kodiak Gas Services received a positive adjustment to its Relative Strength (RS) Rating, from 61 to 74.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest price moves. See if Kodiak Gas Services can continue to rebound and hit that benchmark.
Kodiak Gas Services is now considered extended and out of buy range after clearing a 29.75 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While the company's bottom line growth decreased in the company's most recently reported quarter from 0% to -15%, the top line grew 53%, up from 37% in the prior report.
Kodiak Gas Services earns the No. 4 rank among its peers in the Oil & Gas-Field Services industry group. Flotek Industries is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
