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Recent 52-Week Low Surpassed in Shares of Bristow Group (BRS)

By Amy Schwartz

Shares of Bristow Group (NYSE:BRS) traded at a new 52-week low today of $6.66. This new low was reached on approximately average trading volume as 438,000 shares traded hands, while the average 30-day volume is approximately 568,000 shares.

Bristow Group (NYSE:BRS) has potential upside of 195.6% based on a current price of $6.70 and analysts' consensus price target of $19.80. Bristow Group shares should first meet resistance at the 50-day moving average (MA) of $19.21 and find additional resistance at the 200-day MA of $27.02.

In the past 52 weeks, shares of Bristow Group have traded between the current low of $6.66 and a high of $63.16 and are now at $6.70. Over the last five market days, the 200-day moving average (MA) has gone down 2.1% while the 50-day MA has advanced 2.8%.

Bristow Group, Inc. provides helicopter transportation services to the offshore oil and gas industry. Through its subsidiaries, affiliates, and joint ventures, the Company offers transportation services in oil and gas producing regions around the world.

SmarTrend recommended that its subscribers protect gains by selling shares of Bristow Group on January 10th, 2017 by issuing a Downtrend alert when the shares were trading at $18.95. Since that call, shares of Bristow Group have fallen 64.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows bristow group

Ticker(s): BRS