McDermott International Shares Cross Below 200 DMA

In trading on Monday, shares of McDermott International, Inc. ( MDR) crossed below their 200 day moving average of $7.82, changing hands as low as $7.80 per share. McDermott International, Inc. shares are currently trading off about 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 $6.58 per share, with $9.36 as the 52 week high point — that compares with a last trade of $7.82.

According to the ETF Finder at ETF Channel, MDR makes up 2.33% of the Gulf States Index ETF ( MES) which is trading higher by about 0.3% on the day Monday.

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