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Bristow Group In: New 52-Week Low Set Today (BRS)

By David Diaz

Shares of Bristow Group In (NYSE:BRS) traded today at $0.37, breaking its 52-week low. So far today approximately 394,000 shares have been exchanged, as compared to an average 30-day volume of 2.4 million shares.

Potential upside of 4,143.1% exists for Bristow Group In, based on a current level of $0.37 and analysts' average consensus price target of $15.73. The stock should find initial resistance at its 50-day moving average (MA) of $1.02 and further resistance at its 200-day MA of $6.33.

Bristow Group Inc. provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter charter services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations

Over the past year, Bristow Group Inhas traded in a range of $0.37 to $18.91 and are now at $0.37. In the last five trading sessions, the 50-day moving average (MA) has fallen 7.5% while the 200-day MA has slid 4.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bristow Group In on April 16th, 2019 by issuing a Downtrend alert when the shares were trading at $0.57. Since that call, shares of Bristow Group In have fallen 28.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows bristow group in

Ticker(s): BRS