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Bullish Moving Average Cross by Weatherford International (WFT)

By David Diaz

Today, shares of Weatherford International (NYSE:WFT) have advanced above their 10-day MA of $5.49 on a volume of 6.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Weatherford International has traded in a range of $4.71 to $14.91 and is now at $5.65, 20% above that low. 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