In trading on Friday, shares of Nabors Industries Ltd (Symbol: NBR) crossed above their 200 day moving average of $7.18, changing hands as high as $7.29 per share. Nabors Industries Ltd shares are currently trading up about 3% on the day. The chart below shows the one year performance of NBR shares, versus its 200 day moving average:
Looking at the chart above, NBR's low point in its 52 week range is $5.32 per share, with $14.28 as the 52 week high point - that compares with a last trade of $7.24.
According to the ETF Finder at ETF Channel, NBR makes up 4.09% of the SPDR S&P Oil & Gas Equipment & Services ETF (Symbol: XES) which is trading up by about 2.4% on the day Friday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.