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Bullish Moving Average Cross by Helix Energy Sol (HLX)

By James Quinn

Today, shares of Helix Energy Sol (NYSE:HLX) have crossed bullishly above their 10-day moving average of $7.44 on a volume of 192K 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, shares of Helix Energy Sol have traded between a low of $4.87 and a high of $8.70 and are now at $7.58, which is 56% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.4%.

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

Keywords: moving crosses helix energy sol

Ticker(s): HLX