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Bullish Moving Average Cross by Bristow Group In (BRS)

By Shiri Gupta

Bristow Group In (NYSE:BRS) crossed over its 10-day moving average of $7.58 on a volume of 293K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Bristow Group In has traded in a range of $6.21 to $21.88 and is now at $7.68, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.8% while the 200-day MA has slid 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bristow Group In on January 10th, 2017 by issuing a Downtrend alert when the shares were trading at $18.95. Since that call, shares of Bristow Group In have fallen 61.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses bristow group in

Ticker(s): BRS