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Superior Energy Bullish Moving Average Crossover Alert (SPN)

By Nick Russo

Today, shares of Superior Energy (NYSE:SPN) have crossed bullishly above their 10-day moving average of $9.77 on a volume of 670K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $10.05, 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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 9.4%. 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