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Bullish Moving Average Cross by Weatherford International (WFT)

By James Quinn

Today, shares of Weatherford International (NYSE:WFT) have advanced above their 10-day MA of $5.17 on a volume of 5.6 million 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 Weatherford International have traded between a low of $3.73 and a high of $14.91 and are now at $5.32, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.2%.

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

Keywords: moving crosses weatherford international

Ticker(s): WFT