• Return to Headlines

Rowan Companie-A (RDC) Approaches New Upside Target of $15.50

By Nick Russo

Shares of Rowan Companie-A (NYSE:RDC) have bullishly opened above the pivot of $15.20 today and have reached the first resistance level of $15.36. Should the shares continue to rise, the resistance pivots of $15.50 and $15.80 will be of interest.

Rowan Companie-A has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $15.18. The stock should find initial resistance at its 200-day moving average (MA) of $13.84 and further resistance at its 50-day MA of $15.14.

In the past 52 weeks, Rowan Companie-A share prices have been bracketed by a current low of $0.00 and a high of $17.33 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Rowan Companie-A on April 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.57. Since that recommendation, shares of Rowan Companie-A have risen 12.1%. We continue to monitor RDC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts rowan companie-a

Ticker(s): RDC