Shares of Bristow Group Fall Below Previous 52-Week Low
Bristow Group (NYSE:BRS) traded at a new 52-week low today of $10.44. So far today approximately 302,000 shares have been exchanged, as compared to an average 30-day volume of 568,000 shares.
Potential upside of 289.8% exists for Bristow Group, based on a current level of $10.46 and analysts' average consensus price target of $40.78. 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, Bristow Group share prices have been bracketed by a current low of $10.44 and a high of $63.16 and are now at $10.46. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.8% while the 200-day MA has slid 2.1%.
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 June 27th, 2016 by issuing a Downtrend alert when the shares were trading at $12.01. Since that call, shares of Bristow Group have fallen 9.4%. 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