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Shares of Bristow Group Fall to a New 52-Week Low

By Amy Schwartz

Bristow Group (NYSE:BRS) traded today at a new 52-week low of $8.97. Approximately 1 million shares have changed hands today, as compared to an average 30-day volume of 568,000 shares.

In the past 52 weeks, shares of Bristow Group have traded between the current low of $8.97 and a high of $63.16 and are now at $9.08. 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.

Bristow Group has overhead space with shares priced $9.08, or 54.1% below the average consensus analyst price target of $19.80. 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.

SmarTrend recommended that its subscribers protect gains by selling shares of Bristow Group on January 10th, 2017 by issuing a Downtrend alert when the shares were trading at $18.95. Since that call, shares of Bristow Group have fallen 50.3%. 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