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Shares of RDC Down 5.5% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Rowan Companie-A (NYSE:RDC) on February 27th, 2019 at $11.57. In approximately 9 months, Rowan Companie-A has returned 5.49% as of today's recent price of $10.93.

Over the past year, Rowan Companie-A has traded in a range of $7.77 to $14.40 and is now at $10.93, 41% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Rowan Companies plc 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 Companie-A.

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

Keywords: spotlights rowan companie-a

Ticker(s): RDC