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Subsea 7 SA Shares Up 39.7% Since SmarTrend's Buy Recommendation (SUBCY)

By James Quinn

SmarTrend identified an Uptrend for Subsea 7 SA (NASDAQ:SUBCY) on October 6th, 2016 at $11.00. In approximately 6 months, Subsea 7 SA has returned 39.70% as of today's recent price of $15.36.

In the past 52 weeks, shares of Subsea 7 SA have traded between a low of $4.86 and a high of $15.36 and are now at $15.36, which is 216% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 3.4%.

Subsea 7 SA offers oilfield services. The Company designs, fabricates, builds and installs equipment for the offshore oil industry. Subsea 7 builds flexible flowlines, risers, umbilicals and other equipment. The Company operates in the Gulf of Mexico, the Asia Pacific region, the North Sea and the Mediterranean, and offshore Africa, the Middle East, and South America.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Subsea 7 SA shares.

Log in and add Subsea 7 SA (SUBCY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights subsea 7 sa

Ticker(s): SUBCY