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Babcock & Wilcox: The Losing Streak Continues (BW)

By Nick Russo

Babcock & Wilcox (NYSE:BW) traded at a new 52-week low today of $0.99. Approximately 211,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Babcock & Wilcox share prices have moved between a 52-week high of $7.66 and the current low of $0.99 and are currently at $1.01 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 5.2% while the 200-day MA has slid 1.9%.

Babcock & Wilcox has overhead space with shares priced $1.01, or 36.9% below the average consensus analyst price target of $1.60. The stock should find initial resistance at its 50-day moving average (MA) of $1.77 and further resistance at its 200-day MA of $3.68.

Babcock & Wilcox Enterprises, Inc. provides energy products and services. The Company offers products including nuclear, fossil, renewable resources, and environmental solutions. Babcock & Wilcox Enterprises operates worldwide.

SmarTrend recommended that its subscribers protect gains by selling shares of Babcock & Wilcox on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $5.19. Since that call, shares of Babcock & Wilcox have fallen 80.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows babcock & wilcox

Ticker(s): BW