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Layne Christensen Down 23.4% Since SmarTrend Downtrend Call (LAYN)

By Shiri Gupta

SmarTrend identified a Downtrend for Layne Christensen (NASDAQ:LAYN) on February 16th, 2017 at $9.84. In approximately 3 months, Layne Christensen has returned 23.44% as of today's recent price of $7.53.

In the past 52 weeks, shares of Layne Christensen have traded between a low of $3.75 and a high of $11.42 and are now at $7.53, which is 101% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 3.2%.

Layne Christensen Company provides water well drilling, mineral exploration drilling, geotechnical construction, oil and gas services, and related products and services. The company's customers include municipalities, industrial, oil, gas, and mining companies, and consulting and engineering firms located in the United States, Canada, Mexico, Australia, Africa, and South America.

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

Log in and add Layne Christensen (LAYN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights layne christensen

Ticker(s): LAYN