• Return to Headlines

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

By Amy Schwartz

Seadrill (NYSE:SDRL) traded at a new 52-week low today of $0.58. This new low was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 15.6 million shares.

Seadrill Ltd. provides contract drilling services. The Company's fleet includes semisubmersible rigs and jackup rigs.

There is potential upside of 175.9% for shares of Seadrill based on a current price of $0.58 and an average consensus analyst price target of $1.60. The stock should run into initial resistance at its 50-day moving average (MA) of $3.63 and subsequent resistance at its 200-day MA of $5.05.

In the past 52 weeks, shares of Seadrill have traded between the current low of $0.58 and a high of $15.44 and are now at $0.58. The 200-day and 50-day moving averages have moved 1.92% lower and 5.69% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Seadrill on April 4th, 2017 by issuing a Downtrend alert when the shares were trading at $0.88. Since that call, shares of Seadrill have fallen 30.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows seadrill

Ticker(s): SDRL