The Relative Strength (RS) Rating for Kodiak Gas Services climbed into a new percentile Friday, with an increase from 77 to 85.
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IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.
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.
Earnings growth fell in the most recent quarter from 0% to -15%. But revenue gains moved higher, from 37% to 53%.
Kodiak Gas Services holds the No. 4 rank among its peers in the Oil & Gas-Field Services industry group. Flotek Industries is the No. 1-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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