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Atwood Oceanics Bearish Moving Average Crossover Alert (ATW)

By James Quinn

Atwood Oceanics (NYSE:ATW) crossed under its 10-day moving average of $8.96 on a volume of 678K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Atwood Oceanics has traded in a range of $4.82 to $35.66 and is now at $8.73, 81% above that low. 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 is monitoring the recent change of momentum in Atwood Oceanics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Atwood Oceanics in search of a potential trend change.

Keywords: moving crosses atwood oceanics

Ticker(s): ATW