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Shares of NBR Down 50.5% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Nabors Inds Ltd (NYSE:NBR) on February 7th, 2017 at $15.63. In approximately 5 months, Nabors Inds Ltd has returned 50.50% as of today's recent price of $7.74.

In the past 52 weeks, shares of Nabors Inds Ltd have traded between a low of $6.93 and a high of $18.40 and are now at $7.74, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.8% lower and 1.54% higher over the past week, respectively.

Nabors Industries Ltd., is a land drilling contractor, and also performs well servicing and workovers. The Company conducts oil, gas, and geothermal land drilling operations. Nabors well-site services include oilfield management, well logging, and other support services.

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

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

Keywords: spotlights nabors inds ltd

Ticker(s): NBR