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Watch for Helix Energy Sol to Potentially Pullback After Gaining 3.46% Yesterday

By Shiri Gupta

Helix Energy Sol (NYSE:HLX) traded in a range yesterday that spanned from a low of $8.45 to a high of $8.70. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $8.46 on volume of 118,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, shares of Helix Energy Sol have traded between a low of $5.05 and a high of $9.85 and are now at $8.66, which is 71% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.2%.

Keywords: rebounders helix energy sol

Ticker(s): HLX