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Shares of Weatherford International Down on Above Average Volume, Moving Against Trend (WFT)

By Shiri Gupta

The price of Weatherford International shares has slipped to $6.92 (a -17.5% change) on heavy trading volume. About 20.8 million shares have been traded today, as compared to the 30-day average volume of 14.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Weatherford International on November 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.16. Since that recommendation, shares of Weatherford International have risen 14.1%. We continue to monitor WFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Weatherford International share prices have been bracketed by a current low of $0.00 and a high of $14.91 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.88% lower and 1.16% higher over the past week, respectively.

Keywords: unusual volume weatherford international

Ticker(s): WFT