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Diamond Offshore Bullish Moving Average Crossover Alert (DO)

By Shiri Gupta

Diamond Offshore (NYSE:DO) shares have crossed bullishly above their 10-day moving average of $15.08 on a volume of 351K 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.

In the past 52 weeks, Diamond Offshore share prices have been bracketed by a low of $10.05 and a high of $26.49 and are now at $15.38, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend is tracking the current trend status for Diamond Offshore and will alert subscribers who have DO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses diamond offshore

Ticker(s): DO