• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Superior Energy After 5.15% Loss

By Amy Schwartz

Superior Energy (NYSE:SPN) traded in a range yesterday that spanned from a low of $2.58 to a high of $2.64. Yesterday, the shares fell 5.1%, which took the trading range below the 3-day low of $2.62 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Superior Energy share prices have moved between a 52-week high of $12.73 and the current low of $2.58 and are currently at $2.58 per share. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 3.6%.

SmarTrend is tracking the current trend status for Superior Energy and will alert subscribers who have SPN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Superior Energy

Ticker(s): SPN