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Watch for Dril-Quip Inc to Potentially Rebound After Falling 1.83% Yesterday

By David Diaz

Dril-Quip Inc (NYSE:DRQ) traded in a range yesterday that spanned from a low of $40.47 to a high of $41.76. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $41.34 on volume of 165,000 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 $56.71 and a 52-week low of $35.38 and are now trading 16% above that low price at $41.08 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

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