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Diamond Offshore Crosses Below its 10-day MA (DO)

By Amy Schwartz

Diamond Offshore (NYSE:DO) shares have crossed bearishly below their 10-day moving average of $10.61 on a volume of 246K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Diamond Offshore has traded in a range of $8.78 to $21.92 and is now at $10.45, 19% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has remained constant.

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