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Superior Energy Services Bearish Moving Average Crossover Alert (SPN)

By David Diaz

Superior Energy Services (NYSE:SPN) shares have crossed bearishly below their 10-day moving average of $10.40 on a volume of 672K 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.

Superior Energy Services share prices have moved between a 52-week high of $26.95 and a 52-week low of $8.25 and are now trading 19% above that low price at $9.83 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 4.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Superior Energy Services on March 7th, 2017 by issuing a Downtrend alert when the shares were trading at $16.10. Since that call, shares of Superior Energy Services have fallen 34.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses superior energy services

Ticker(s): SPN