Diamond Offshore Drilling: The Trend Continues Lower (DO)
Thursday, March 11, 2010 - 18:49
Written on Thu, 03/11/2010 - 6:49pm
By Chip Brian

SmarTrend identified a Downtrend for Diamond Offshore Drilling (NYSE:DO) on January 22, 2010 at $96.34. In approximately 2 months, Diamond Offshore Drilling has returned 7.7% as of today's recent price of $88.90.
Diamond Offshore Drilling is currently below its 50-day moving average of $94.76 and below its 200-day moving average of $92.86. 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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