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Downtrend Call Working As Nabors Inds Ltd Stock Falls 12.3% (NBR)

By Nick Russo

SmarTrend identified a Downtrend for Nabors Inds Ltd (NYSE:NBR) on May 29th, 2018 at $7.21. In approximately 1 month, Nabors Inds Ltd has returned 12.34% as of today's recent price of $6.32.

In the past 52 weeks, Nabors Inds Ltd share prices have been bracketed by a low of $5.32 and a high of $8.86 and are now at $6.32, 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

Nabors Industries Ltd., is a land drilling contractor, and also performs well servicing and workovers. The Company conducts oil, gas, and geothermal land drilling operations. Nabors well-site services include oilfield management, well logging, and other support services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Nabors Inds Ltd.

Log in and add Nabors Inds Ltd (NBR) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights nabors inds ltd

Ticker(s): NBR