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

By James Quinn

Today, shares of Atwood Oceanics (NYSE:ATW) have fallen below their 10-day MA of $8.00 on a volume of 1.4 million shares. This may provide swing traders with an opportunity 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 $6.12 to $15.37 and is now at $7.90, 29% above that low. The 200-day and 50-day moving averages have moved 2.12% lower and 2.25% higher over the past week, respectively.

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

Keywords: moving crosses atwood oceanics

Ticker(s): ATW