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Helix Energy Solutions Bullish Moving Average Crossover Alert (HLX)

By David Diaz

Today, shares of Helix Energy Solutions (NYSE:HLX) have crossed bullishly above their 10-day moving average of $5.34 on a volume of 965K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Helix Energy Solutions have traded between a low of $2.60 and a high of $17.33 and are now at $5.55, which is 114% above that low price. 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 Solutions on December 29th, 2016 by issuing a Downtrend alert when the shares were trading at $8.91. Since that call, shares of Helix Energy Solutions have fallen 45.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses helix energy solutions

Ticker(s): HLX