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Patterson-UTI Energy Up 29.0% Since SmarTrend Uptrend Call (PTEN)

By Shiri Gupta

SmarTrend identified an Uptrend for Patterson-UTI Energy (NASDAQ:PTEN) on May 26th, 2016 at $18.76. In approximately 5 months, Patterson-UTI Energy has returned 28.98% as of today's recent price of $24.19.

Over the past year, Patterson-UTI Energy has traded in a range of $10.94 to $25.01 and is now at $24.19, 121% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.5%.

Patterson-UTI Energy, Inc. provides land-based drilling services to major and independent oil and natural gas companies. The Company conducts drilling operations in Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada. Patterson-UTI is also involved in pressure pumping, oil and gas exploration and production, and drilling and completion fluids services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Patterson-UTI Energy shares.

Log in and add Patterson-UTI Energy (PTEN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights patterson-uti energy

Ticker(s): PTEN