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Shares of SDRL Down 23.2% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Seadrill Ltd (NYSE:SDRL) on November 9th, 2018 at $18.14. In approximately 4 weeks, Seadrill Ltd has returned 23.24% as of today's recent price of $13.92.

Over the past year, Seadrill Ltd has traded in a range of $0.10 to $26.72 and is now at $13.92, 13,820% above that low. Over the past week, the 200-day moving average (MA) has gone up 2.0% while the 50-day MA has declined 2.8%.

Seadrill Limited provides offshore deepwater drilling services. The Company operates a fleet for operations in shallow to ultra-deepwater areas in harsh and benign environments. Seadrill's fleet includes semi-submersible rigs, deepwater drillships, jack-ups, semi-tender rigs, and tender rigs.

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

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

Keywords: spotlights seadrill ltd

Ticker(s): SDRL