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Mcdermott Intl Trading Lower Today on Above-Average Volume (MDR)

By James Quinn

Shares of Mcdermott Intl are trading down -1.2% to $6.36 today on above average volume. About 21.3 million shares have been traded today, as compared to the 30-day average volume of 2.7 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Mcdermott Intl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mcdermott Intl in search of a potential trend change.

In the past 52 weeks, shares of Mcdermott Intl have traded between a low of $4.32 and a high of $9.07 and are now at $6.28, which is 45% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 3.1%.

Keywords: unusual volume mcdermott intl

Ticker(s): MDR