• Return to Headlines

Atwood Oceanics Bearish Moving Average Crossover Alert (ATW)

By Amy Schwartz

Atwood Oceanics (NYSE:ATW) shares have crossed bearishly below their 10-day moving average of $12.13 on a volume of 770K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Atwood Oceanics have traded between a low of $4.82 and a high of $35.66 and are now at $11.91, which is 147% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.1% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of Atwood Oceanics on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.00. Since that recommendation, shares of Atwood Oceanics have risen 75.1%. We continue to monitor ATW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses atwood oceanics

Ticker(s): ATW