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Mcdermott Intl Crosses Above its 10-day MA (MDR)

By Shiri Gupta

Mcdermott Intl (NYSE:MDR) crossed over its 10-day moving average of $6.25 on a volume of 35.6 million 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.

In the past 52 weeks, Mcdermott Intl share prices have been bracketed by a low of $4.32 and a high of $9.07 and are now at $6.80, 57% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 3.1%.

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