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Recent 52-Week Low Surpassed in Shares of Seadrill Ltd (SDRL)

By Shiri Gupta

Shares of Seadrill Ltd (NYSE:SDRL) traded at a new 52-week low today of $2.14. Approximately 239,000 shares have changed hands today, as compared to an average 30-day volume of 809,000 shares.

Potential upside of 757.9% exists for Seadrill Ltd, based on a current level of $2.14 and analysts' average consensus price target of $18.36. Seadrill Ltd shares should first meet resistance at the 50-day moving average (MA) of $3.70 and find additional resistance at the 200-day MA of $8.61.

Seadrill Limited provides offshore deepwater drilling services. The Company operates a fleet for operations in shallow to ultra-deepwater areas in harsh and benign environments. Seadrill's fleet includes semi-submersible rigs, deepwater drillships, jack-ups, semi-tender rigs, and tender rigs.

In the past 52 weeks, Seadrill Ltd share prices have been bracketed by a current low of $2.14 and a high of $26.72 and are now at $2.14. Over the past week, the 200-day moving average (MA) has gone down 3.1% while the 50-day MA has declined 2.6%.

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

Keywords: 52 week high/lows seadrill ltd

Ticker(s): SDRL