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Patterson-UTI Energy (PTEN) Upgrade Alert, Watch for 12.5% Technical Uptrend Continuation

Written on Fri, 07/30/2010 - 11:50am
By Chip Brian

Patterson-UTI Energy (NASDAQ:PTEN) upgraded to Outperform from Market Perform at Raymond James. The stock closed yesterday at $16.27 on volume of 9,802,000 shares, above average daily volume of 5,049,601.
Patterson-UTI Energy is currently above its 50-day moving average of $14.20 and above its 200-day moving average of $15.23.
SmarTrend is bullish on shares of PTEN and our subscribers received an Uptrend alert on July 09, 2010 at $14.46, which has returned 12.5% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): PTEN

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