DRC Makes Bullish Cross Above Critical Moving Average

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In trading on Thursday, shares of Dresser-Rand Group Inc (Symbol: DRC) crossed above their 200 day moving average of $59.50, changing hands as high as $59.82 per share. Dresser-Rand Group Inc shares are currently trading up about 2.2% on the day. The chart below shows the one year performance of DRC shares, versus its 200 day moving average: Dresser-Rand Group Inc 200 Day Moving Average Chart

Looking at the chart above, DRC's low point in its 52 week range is $51.46 per share, with $67.38 as the 52 week high point - that compares with a last trade of $59.79.

According to the ETF Finder at ETF Channel, DRC makes up 2.31% of the SPDR S&P Oil & Gas Equipment & Services ETF (Symbol: XES) which is trading up by about 1.1% on the day Thursday.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: DRC , XES

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