On Thursday, Kodiak Gas Services earned an upgrade to its Relative Strength (RS) Rating, from 63 to 83.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
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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.
The company reported 0% earnings growth last quarter. Revenue gains came in at 37%. The company is expected to report its latest performance numbers on or around May 7.
The company holds the No. 4 rank among its peers in the Oil & Gas-Field Services industry group. NCS Multistage 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.
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