Tidewater stock price has been crushed over the years, down some 95%. As oil prices stabilize in the expected$50-60 range in 2017, TDW may be a multi bagger winner in 2017.
see below first-strong group
+ broke out today with above average volume + cup and handle formation over the past 2 weeks or so + sideway price movement over the past few days, with contracting volume + 5ema about to cross upward, while piercing through the body of today's break out bar - upper shadow on today's bar (didn't close near day high)
TDW is in a downtrend, trading in a descending channel. Now it seems making a lower degree correction to the upside.
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CORRELATION : 88% CO -INTEGRATION : .99 LONG TDW (GREEN)@ 47.80 SHORT SB (RED) @ 6.60 AVG DAYS IN TRADE : 8