SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Diamond Offshore Drilling (DO)
Thursday, March 4, 2010 - 13:43
Written on Thu, 03/04/2010 - 1:43pm
By Chip Brian

SmarTrend identified a Downtrend for Diamond Offshore Drilling (NYSE:DO) on January 22, 2010 at $96.34. In approximately 1 month, Diamond Offshore Drilling has returned 9% as of today's recent price of $87.65.
Diamond Offshore Drilling is currently below its 50-day moving average of $95.23 and below its 200-day moving average of $92.74. Look for these moving averages to decline to confirm the company's downward momentum.
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 Drilling.

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