The Relative Strength (RS) Rating for Tidewater entered a new percentile Tuesday, with an increase from 69 to 80.
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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 compares to that of the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating north of 80 as they launch their biggest runs.
While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper chart pattern.
Earnings growth moved up in the company's most recent report from -7% to 55%, but sales fell from 4% to 1%.
The company holds the No. 8 rank among its peers in the Oil & Gas-Field Services industry group. NCS Multistage, Flotek Industries 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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