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Bristow Group Crosses Above its 10-day MA (BRS)

By James Quinn

Bristow Group (NYSE:BRS) shares have crossed bullishly above their 10-day moving average of $7.03 on a volume of 138K 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 $6.21 and a high of $63.16 and are now at $7.17, which is 16% 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 January 10th, 2017 by issuing a Downtrend alert when the shares were trading at $18.95. Since that call, shares of Bristow Group have fallen 63.6%. 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