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SmarTrend Watching for Potential Rebound in Shares of Dril-Quip Inc After 1.77% Loss

By Shiri Gupta

Dril-Quip Inc (NYSE:DRQ) traded in a range yesterday that spanned from a low of $45.55 to a high of $46.65. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $46.05 on volume of 281,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Dril-Quip Inc share prices have moved between a 52-week high of $69.40 and a 52-week low of $35.85 and are now trading 27% above that low price at $45.70 per share. The 200-day and 50-day moving averages have moved 0.04% lower and 1.59% higher over the past week, respectively.

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

Keywords: rebounders dril-quip inc

Ticker(s): DRQ