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Atwood Oceanics Crosses Above its 10-day MA (ATW)

By Amy Schwartz

Atwood Oceanics (NYSE:ATW) shares have crossed bullishly above their 10-day moving average of $7.92 on a volume of 702K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Atwood Oceanics has traded in a range of $6.12 to $15.37 and is now at $8.03, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has slid 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Atwood Oceanics on June 21st, 2017 by issuing a Downtrend alert when the shares were trading at $8.12. Since that call, shares of Atwood Oceanics have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses atwood oceanics

Ticker(s): ATW