• Return to Headlines

Helix Energy Sol Bearish Moving Average Crossover Alert (HLX)

By Nick Russo

Today, shares of Helix Energy Sol (NYSE:HLX) have fallen below their 10-day MA of $6.26 on a volume of 1.7 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Helix Energy Sol has traded in a range of $4.82 to $11.87 and is now at $6.03, 25% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 6.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Helix Energy Sol on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $7.32. Since that call, shares of Helix Energy Sol have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses helix energy sol

Ticker(s): HLX