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

By Nick Russo

Bristow Group (NYSE:BRS) shares have crossed bullishly above their 10-day moving average of $14.87 on a volume of 245K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Bristow Group share prices have moved between a 52-week high of $63.16 and a 52-week low of $11.02 and are now trading 40% above that low price at $15.40 per share. The 200-day and 50-day moving averages have moved 2.1% lower and 2.81% higher over the past week, respectively.

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 25.3%. 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