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Bullish Moving Average Cross by Bristow Group (BRS)

By James Quinn

Today, shares of Bristow Group (NYSE:BRS) have crossed bullishly above their 10-day moving average of $10.53 on a volume of 877K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Bristow Group share prices have been bracketed by a low of $9.17 and a high of $63.16 and are now at $11.18, 22% above that low price. Over the last five market days, 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 October 17th, 2016 by issuing a Downtrend alert when the shares were trading at $11.76. Since that call, shares of Bristow Group have fallen 13.4%. 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