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Bullish Moving Average Cross by Superior Energy Services (SPN)

By James Quinn

Superior Energy Services (NYSE:SPN) shares have crossed bullishly above their 10-day moving average of $18.25 on a volume of 839K 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.

Superior Energy Services share prices have moved between a 52-week high of $26.95 and a 52-week low of $8.25 and are now trading 124% above that low price at $18.52 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 4.3%.

SmarTrend is tracking the current trend status for Superior Energy Services and will alert subscribers who have SPN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses superior energy services

Ticker(s): SPN