RIG Crosses Below Key Moving Average Level

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In trading on Wednesday, shares of Transocean Ltd (Symbol: RIG) crossed below their 200 day moving average of $10.14, changing hands as low as $10.02 per share. Transocean Ltd shares are currently trading off about 5.3% on the day. The chart below shows the one year performance of RIG shares, versus its 200 day moving average: Transocean Ltd 200 Day Moving Average Chart

Looking at the chart above, RIG's low point in its 52 week range is $7.20 per share, with $16.66 as the 52 week high point - that compares with a last trade of $10.09.

According to the ETF Finder at ETF Channel, RIG makes up 7.34% of the Oil Services ETF (Symbol: OIH) which is trading lower by about 2.6% on the day Wednesday.

Click here to find out which 9 other energy stocks recently crossed below 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 Nasdaq, Inc.

This article appears in: Investing , Commodities
Referenced Symbols: RIG , OIH

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