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Diamond Offshore Bearish Moving Average Crossover Alert (DO)

By Amy Schwartz

Today, shares of Diamond Offshore (NYSE:DO) have crossed bearishly below their 10-day moving average of $20.13 on a volume of 219K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Diamond Offshore have traded between a low of $10.19 and a high of $21.92 and are now at $19.69, which is 93% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Diamond Offshore on February 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.31. Since that recommendation, shares of Diamond Offshore have risen 32.2%. We continue to monitor DO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses diamond offshore

Ticker(s): DO