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Bristow Group Bullish Moving Average Crossover Alert (BRS)

By James Quinn

Today, shares of Bristow Group (NYSE:BRS) have advanced above their 10-day MA of $13.64 on a volume of 298K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Bristow Group have traded between a low of $10.81 and a high of $63.16 and are now at $15.11, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.1% while the 50-day MA has advanced 2.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bristow Group on May 9th, 2016 by issuing a Downtrend alert when the shares were trading at $18.99. Since that call, shares of Bristow Group have fallen 28.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses bristow group

Ticker(s): BRS