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Oceaneering Intl Shares Down 36.6% Since SmarTrend's Sell Call (OII)

By Nick Russo

SmarTrend identified a Downtrend for Oceaneering Intl (NYSE:OII) on October 11th, 2018 at $25.07. In approximately 2 months, Oceaneering Intl has returned 36.64% as of today's recent price of $15.88.

In the past 52 weeks, shares of Oceaneering Intl have traded between a low of $15.55 and a high of $28.62 and are now at $15.88, which is 2% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 3.1%.

Oceaneering International, Inc. is a global provider of engineered services and products to the offshore oil and gas industry. The Company offers services and products in remotely operated vehicles, mobile offshore production systems, engineering and product management, manned diving, and other deep water applications. Oceaneering also serves the defense and aerospace industries.

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

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

Keywords: spotlights oceaneering intl

Ticker(s): OII