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Seadrill: The Losing Streak Continues (SDRL)

By Nick Russo

Shares of Seadrill (NYSE:SDRL) traded at a new 52-week low today of $1.00. So far today approximately 17.9 million shares have been exchanged, as compared to an average 30-day volume of 15.6 million shares.

Seadrill share prices have moved between a 52-week high of $15.44 and the current low of $1.00 and are currently at $1.08 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.7% while the 200-day MA has slid 1.9%.

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

There is potential upside of 48.5% for shares of Seadrill based on a current price of $1.08 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.

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

Keywords: 52 week high/lows seadrill

Ticker(s): SDRL