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Shares of DO Down 30.9% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Diamond Offshore (NYSE:DO) on July 18th, 2019 at $7.70. In approximately 4 weeks, Diamond Offshore has returned 30.91% as of today's recent price of $5.32.

In the past 52 weeks, Diamond Offshore share prices have been bracketed by a current low of $5.28 and a high of $20.85 and are now at $5.32. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 1.9%.

Diamond Offshore Drilling, Inc. is a global offshore oil and gas drilling contractor. The Company is a deep water driller that serves markets that include the deep water, harsh environment, conventional semisubmersible and jack-up markets.

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

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

Keywords: spotlights diamond offshore

Ticker(s): DO