Tidewater (TDW)'s Technical Outlook is Bright After Key Golden Cross

Technical Analysis - Tidewater Inc. (TDW) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation, where the 50-day simple moving average has broken above the 200-day moving average [1] - A golden cross indicates a bullish breakout is likely, formed when a stock's short-term moving average crosses above a longer-term moving average, typically involving the 50-day and 200-day averages [1][2] Price Movement - TDW has moved 21.9% higher over the last four weeks, suggesting potential for further upward momentum [3] Earnings Outlook - The company has a positive earnings outlook for the current quarter, with no earnings estimates decreasing in the past two months and one revision higher, leading to an increase in the Zacks Consensus Estimate [3][4] - TDW currently holds a 3 (Hold) rating on the Zacks Rank, indicating a stable position in the market [3] Investment Consideration - With a combination of positive earnings estimate revisions and a key technical level being hit, investors are encouraged to monitor TDW for potential gains in the near future [4]