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NBR Crosses Below Key Moving Average Level

By Energy Stock Channel Staff, Thursday, June 23, 4:10 PM ET
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In trading on Thursday, shares of Nabors Industries Ltd (NYSE:NBR) crossed below their 200 day moving average of $122.69, changing hands as low as $117.93 per share. Nabors Industries Ltd shares are currently trading off about 7.5% on the day. The chart below shows the one year performance of NBR shares, versus its 200 day moving average:

Nabors Industries Ltd 200 Day Moving Average Chart

Looking at the chart above, NBR's low point in its 52 week range is $65.58 per share, with $207.67 as the 52 week high point — that compares with a last trade of $120.76.


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