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 ยป



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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