Superior Energy Services Crosses Below its 10-day MA (SPN)
Today, shares of Superior Energy Services (NYSE:SPN) have fallen below their 10-day MA of $16.65 on a volume of 471K 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 Services share prices have been bracketed by a low of $8.25 and a high of $26.95 and are now at $16.32, 98% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 4.3%.
SmarTrend recommended that subscribers consider buying shares of Superior Energy Services on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.65. Since that recommendation, shares of Superior Energy Services have risen 58.5%. We continue to monitor SPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses superior energy services