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Uptrend Call Working As McDermott International Stock Rises 17.5% (MDR)
Feb 22, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for McDermott International (NYSE:MDR) on December 19th, 2012 at $11.01. In approximately 2 months, McDermott International has returned 17.53% as of today's recent price of $12.94.
Over the past year, McDermott International has traded in a range of $9.04 to $15.35 and is now at $12.97, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.
McDermott International, Inc. is a worldwide energy services company. The Company and its subsidiaries provide engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management, and facility management services to a variety of customers in the energy and power industries, including the U.S. Department of Energy.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of McDermott International shares.Log in and add McDermott International (MDR) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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