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Weatherford Inte Falls 1.43% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Weatherford Inte (NYSE:WFT) traded in a range yesterday that spanned from a low of $3.36 to a high of $3.49. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $3.44 on volume of 6.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Weatherford Inte on April 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.84. Since that recommendation, shares of Weatherford Inte have risen 22.9%. 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 Inte share prices have been bracketed by a low of $2.07 and a high of $4.72 and are now at $3.42, 65% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 2.62% higher over the past week, respectively.

Keywords: rebounders weatherford inte

Ticker(s): WFT