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Tidewater: The Losing Streak Continues (TDW)

By Shiri Gupta

Tidewater (NYSE:TDW) traded today at a new 52-week low of $0.71. So far today approximately 312,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

Potential upside of 96.1% exists for Tidewater, based on a current level of $0.77 and analysts' average consensus price target of $1.50. Tidewater shares should first meet resistance at the 50-day moving average (MA) of $7.38 and find additional resistance at the 200-day MA of $10.51.

Tidewater share prices have moved between a 52-week high of $31.80 and the current low of $0.71 and are currently at $0.77 per share. The 200-day and 50-day moving averages have moved 2.17% lower and 2.97% higher over the past week, respectively.

Tidewater Inc. provides offshore supply vessels and marine support services to the offshore energy exploration, development, and production industry. The Company tows and anchor-handles mobile drilling rigs and equipment, transports supplies and personnel, and supports pipelaying and other offshore construction activities.

SmarTrend is tracking the current trend status for Tidewater and will alert subscribers who have TDW in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows tidewater

Ticker(s): TDW