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Bristow Group Up on Heavy Volume in Possible Trend Reversal (BRS)

By Nick Russo

The price of Bristow Group shares has climbed to $7.01 (a 0.1% change) on heavy trading volume. About 748,000 shares have been traded today, as compared to the 30-day average volume of 568,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 63.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Bristow Group share prices have moved between a 52-week high of $63.16 and a 52-week low of $6.21 and are now trading 13% above that low price at $7.02 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.8% while the 200-day MA has slid 2.1%.

Keywords: unusual volume bristow group

Ticker(s): BRS