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Bearish Moving Average Cross by Bristow Group In (BRS)

By David Diaz

Today, shares of Bristow Group In (NYSE:BRS) have fallen below their 10-day MA of $17.81 on a volume of 765K 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, Bristow Group In has traded in a range of $6.21 to $18.91 and is now at $13.76, 122% above that low. The 200-day and 50-day moving averages have moved 1.23% higher and 1.91% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Bristow Group In on April 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.01. Since that recommendation, shares of Bristow Group In have risen 19.9%. We continue to monitor BRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bristow group in

Ticker(s): BRS