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Dril-Quip Inc Shares Down 21.8% Since SmarTrend's Sell Call (DRQ)

By James Quinn

SmarTrend identified a Downtrend for Dril-Quip Inc (NYSE:DRQ) on October 11th, 2018 at $46.79. In approximately 2 months, Dril-Quip Inc has returned 21.79% as of today's recent price of $36.59.

In the past 52 weeks, Dril-Quip Inc share prices have been bracketed by a low of $34.59 and a high of $58.95 and are now at $36.59, 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.9%.

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