MDR Crosses Below Key Moving Average Level

In trading on Friday, shares of McDermott International, Inc. ( MDR) crossed below their 200 day moving average of $8.42, changing hands as low as $8.36 per share. McDermott International, Inc. shares are currently trading down about 6.2% on the day. The chart below shows the one year performance of MDR shares, versus its 200 day moving average:

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McDermott International, Inc.  200 Day Moving Average Chart

Looking at the chart above, MDR's low point in its 52 week range is $6.68 per share, with $13.48 as the 52 week high point — that compares with a last trade of $8.45.

According to the ETF Finder at ETF Channel, MDR makes up 2.58% of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES) which is trading lower by about 1.9% on the day Friday.

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