The Relative Strength (RS) Rating for Tidewater moved up into a higher percentile Monday, as it got a lift from 64 to 73.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their largest price moves. See if Tidewater can continue to rebound and clear that threshold.
Tidewater is not currently offering a proper buying opportunity. See if the stock goes on to build a base that could ignite a new run.
Earnings growth increased last quarter from -7% to 55%. But revenue gains fell from 4% to 1%.
Tidewater earns the No. 10 rank among its peers in the Oil & Gas-Field Services industry group. Flotek Industries, NCS Multistage and Bristow Group are among the top 5 highly rated stocks 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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