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Bullish Moving Average Cross by Dril-Quip Inc (DRQ)

By Shiri Gupta

Dril-Quip Inc (NYSE:DRQ) crossed over its 10-day moving average of $45.89 on a volume of 260K 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.

Over the past year, Dril-Quip Inc has traded in a range of $35.85 to $69.40 and is now at $46.35, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Dril-Quip Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dril-Quip Inc in search of a potential trend change.

Keywords: moving crosses dril-quip inc

Ticker(s): DRQ