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Mcdermott Intl Down 39.5% Since SmarTrend Downtrend Call (MDR)

By Shiri Gupta

SmarTrend identified a Downtrend for Mcdermott Intl (NYSE:MDR) on October 15th, 2018 at $15.92. In approximately 3 weeks, Mcdermott Intl has returned 39.49% as of today's recent price of $9.63.

In the past 52 weeks, Mcdermott Intl share prices have been bracketed by a low of $5.38 and a high of $23.36 and are now at $9.63, 79% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 4.66% lower over the past week, respectively.

McDermott International, Inc. is a worldwide energy services company. The Company and its subsidiaries provides engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management, and facility management services to a variety of customers in the energy and power industries, including the U.S. Department of Energy.

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

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

Keywords: spotlights mcdermott intl

Ticker(s): MDR