RIG Makes Notable Cross Below Critical Moving Average

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In trading on Tuesday, shares of Transocean Ltd (Symbol: RIG) crossed below their 200 day moving average of $11.82, changing hands as low as $11.30 per share. Transocean Ltd shares are currently trading off about 6.1% 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 $8.70 per share, with $14.47 as the 52 week high point - that compares with a last trade of $11.34.

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

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

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