Shares of Seadrill Under Pressure, Down 1.3%

Published on Wed, 02/06/2013 - 13:25
By Peter Chu in Market movers, SDRL, market movers, nyse:sdrl, seadrill

One of today's notable stocks in decline is Seadrill (NYSE:SDRL), down 1.3% to $38.21. The S&P is trading fractionally higher to 1,512 and the Dow is trading fractionally higher to 13,986.

In the past 52 weeks, shares of Seadrill have traded between a low of $31.37 and a high of $42.34 and are now at $38.21, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

There is potential upside of 13.2% for shares of Seadrill based on a current price of $38.21 and an average consensus analyst price target of $43.25. The stock should find initial support at its 200-day moving average (MA) of $38.08 and further support at its 50-day MA of $37.99.

Seadrill Ltd. provides contract drilling services. The Company's fleet includes semisubmersible rigs and jackup rigs.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Unisys (NYSE:UIS) traded at a new 52-week low today of $21.09. Approximately 5.1 milli ...

TransCanada: 52-Week High Recently Eclip...

TransCanada (NYSE:TRP) traded at a new 52-week high today of $51.46. So far today appr ...

Recent 52-Week High Exceeded in Shares o...

Shares of Trinity Industries (NYSE:TRN) traded today at $46.17, breaking its 52-week hi ...

Watch for Continued Gains in Shares of S...

Shares of Sasol (NYSE:SSL) traded today at $60.69, breaking its 52-week high. So far t ...

Shares of China Petroleum & Chemical Ris...

China Petroleum & Chemical (NYSE:SNP) traded today at a new 52-week high of $98.89. Ap ...

Saia Looks to Continue to Trade Above it...

Shares of Saia (NASDAQ:SAIA) traded at a new 52-week high today of $47.94. So far toda ...

Watch for Continued Gains in Shares of R...

Robert Half International (NYSE:RHI) traded today at a new 52-week high of $53.08. So ...

RPC Looks to Continue to Trade Above its...

RPC (NYSE:RES) traded at a new 52-week high today of $24.50. So far today approximatel ...