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Dril-Quip Inc Down 20.8% Since SmarTrend Downtrend Call (DRQ)

By Nick Russo

SmarTrend identified a Downtrend for Dril-Quip Inc (NYSE:DRQ) on July 28th, 2017 at $47.53. In approximately 1 month, Dril-Quip Inc has returned 20.78% as of today's recent price of $37.65.

Dril-Quip Inc share prices have moved between a 52-week high of $69.40 and a 52-week low of $35.85 and are now trading 5% above that low price at $37.65 per share. The 200-day and 50-day moving averages have moved 0.04% lower and 1.59% higher over the past week, respectively.

Dril-Quip, Inc. designs and manufactures offshore drilling and production equipment. The Company's equipment consists of subsea, surface, and offshore rig equipment for use by oil and gas companies in offshore areas throughout the world. Dril-Quip provides installation and reconditioning services, and also rents running tools.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Dril-Quip Inc.

Log in and add Dril-Quip Inc (DRQ) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights dril-quip inc

Ticker(s): DRQ