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Downtrend Call Working As Helix Energy Solutions Stock Falls 39.8% (HLX)

By Shiri Gupta

SmarTrend identified a Downtrend for Helix Energy Solutions (NYSE:HLX) on December 29th, 2016 at $8.91. In approximately 6 months, Helix Energy Solutions has returned 39.75% as of today's recent price of $5.37.

In the past 52 weeks, shares of Helix Energy Solutions have traded between a low of $2.60 and a high of $17.33 and are now at $5.37, which is 106% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 6.2%.

Helix Energy Solutions Group Inc. is a marine contractor and operator of offshore oil and gas properties and production facilities. The Company seeks to align the interests of the producer and contractor by investing in mature offshore oil and gas properties, hub production facilities, and undeveloped reserve plays.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Helix Energy Solutions.

Log in and add Helix Energy Solutions (HLX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights helix energy solutions

Ticker(s): HLX