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Superior Energy Bearish Moving Average Crossover Alert (SPN)

By Shiri Gupta

Superior Energy (NYSE:SPN) crossed under its 10-day moving average of $9.68 on a volume of 948K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Superior Energy share prices have been bracketed by a low of $7.66 and a high of $12.72 and are now at $9.44, 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Superior Energy on June 1st, 2018 by issuing a Downtrend alert when the shares were trading at $10.59. Since that call, shares of Superior Energy have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Superior Energy

Ticker(s): SPN