McDermott International Breaks Above 200-Day Moving Average - Bullish for MDR
In trading on Monday, shares of McDermott International, Inc. (Symbol: MDR) crossed above their 200 day moving average of $7.77, changing hands as high as $7.89 per share. McDermott International, Inc. shares are currently trading up about 1.3% on the day. The chart below shows the one year performance of MDR shares, versus its 200 day moving average:
Looking at the chart above, MDR's low point in its 52 week range is $6.58 per share, with $9.45 as the 52 week high point - that compares with a last trade of $7.79.
According to the ETF Finder at ETF Channel, MDR makes up 2.08% of the SPDR S&P Oil & Gas Equipment & Services ETF (Symbol: XES) which is trading up by about 0.5% on the day Monday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.