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Diamond Offshore Bullish Moving Average Crossover Alert (DO)

By David Diaz

Diamond Offshore (NYSE:DO) crossed over its 10-day moving average of $18.78 on a volume of 410K 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.

Over the past year, Diamond Offshore has traded in a range of $10.06 to $20.98 and is now at $19.32, 92% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.8%.

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 19.0%. 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