Weatherford International Breaks Below 200-Day Moving Average - Notable for WFT
In trading on Friday, shares of Weatherford International plc (Symbol: WFT) crossed below their 200 day moving average of $5.56, changing hands as low as $5.50 per share. Weatherford International plc shares are currently trading down about 4.1% on the day. The chart below shows the one year performance of WFT shares, versus its 200 day moving average:
Looking at the chart above, WFT's low point in its 52 week range is $3.73 per share, with $8.49 as the 52 week high point - that compares with a last trade of $5.54.
According to the ETF Finder at ETF Channel, WFT makes up 3.79% of the SPDR S&P Oil & Gas Equipment & Services ETF (Symbol: XES) which is trading lower by about 2.7% on the day Friday.
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