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Shares of Bristow Group Fall Below Previous 52-Week Low

By David Diaz

Shares of Bristow Group (NYSE:BRS) traded at a new 52-week low today of $9.17. This new low was reached on approximately average trading volume as 484,000 shares traded hands, while the average 30-day volume is approximately 568,000 shares.

Bristow Group (NYSE:BRS) has potential upside of 329.2% based on a current price of $9.50 and analysts' consensus price target of $40.78. The stock should run into initial resistance at its 50-day moving average (MA) of $19.21 and subsequent resistance at its 200-day MA of $27.02.

In the past 52 weeks, Bristow Group share prices have been bracketed by a current low of $9.17 and a high of $63.16 and are now at $9.50. The 200-day and 50-day moving averages have moved 2.1% lower and 2.81% higher over the past week, respectively.

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 19.0%. 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