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Rowan Shares Down 32.1% Since SmarTrend's Sell Call (RDC)

By David Diaz

SmarTrend identified a Downtrend for Rowan (NYSE:RDC) on January 31st, 2017 at $17.63. In approximately 5 months, Rowan has returned 32.10% as of today's recent price of $11.97.

In the past 52 weeks, Rowan share prices have been bracketed by a low of $10.67 and a high of $24.31 and are now at $11.97, 12% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 3.1%.

Rowan Companies, Inc. provides international and domestic contract drilling services. The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.

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

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

Keywords: spotlights rowan

Ticker(s): RDC