• Return to Headlines

Bullish Moving Average Cross by Atwood Oceanics (ATW)

By David Diaz

Atwood Oceanics (NYSE:ATW) shares have crossed bullishly above their 10-day moving average of $6.42 on a volume of 7.2 million 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, Atwood Oceanics share prices have been bracketed by a low of $5.91 and a high of $15.37 and are now at $7.10, 20% 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 2.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Atwood Oceanics on June 21st, 2017 by issuing a Downtrend alert when the shares were trading at $8.12. Since that call, shares of Atwood Oceanics have fallen 22.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses atwood oceanics

Ticker(s): ATW