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Mcdermott Intl Bearish Moving Average Crossover Alert (MDR)

By James Quinn

Today, shares of Mcdermott Intl (NYSE:MDR) have fallen below their 10-day MA of $5.67 on a volume of 6.5 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, Mcdermott Intl has traded in a range of $3.83 to $19.44 and is now at $5.04, 32% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 4.8%.

SmarTrend is monitoring the recent change of momentum in Mcdermott Intl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mcdermott Intl in search of a potential trend change.

Keywords: moving crosses mcdermott intl

Ticker(s): MDR