Volume Alert - NBR 17.80 Nabors Industries $NBR Hi
Post# of 88915
Posted On: 11/12/2014 1:53:40 PM
Volume Alert - NBR 17.80 Nabors Industries $NBR Hit a high today of 17.88 Closing the day 10:29 at 17.80 +0.43 +2.48% With a day low of 17.08 and a total volume of 1,289,251.
NBR Recent Posts: http://investorshangout.com/Nabors-Industries-NBR-51960/
NBR Nabors Industries Recent Headline News
Will Helmerich & Payne (HP) Miss on Earnings this Season? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Nov 12, 9:30AM CST
Helmerich & Payne, Inc. (HP) is set to release fourth-quarter fiscal 2014 financial results before the opening bell on Thursday, Nov 13.
DO: 36.13 (-0.51), SDT: 4.12 (-0.32), NBR: 17.41 (+0.04), HP: 85.98 (-0.03)
Nabors Industries upwardly revises Q3 earnings from continuing ops
Seeking Alpha - at Seeking Alpha - Tue Nov 11, 2:46PM CST
NBR: 17.41 (+0.04)
Nabors beats 3Q profit forecasts
Automated Insights - Tue Nov 11, 11:45AM CST
HAMILTON HM08, Bermuda (AP) _ Nabors Industries Ltd. (NBR) on Tuesday reported third-quarter net income of $106 million.
NBR: 17.41 (+0.04)
Nabors Announces Revised Third Quarter 2014 Results; GAAP Earnings per Share of $0.34
CNW Group - Mon Nov 10, 5:54PM CST
Nabors Industries Ltd. (NYSE:NBR) today reported revised third-quarter 2014 diluted earnings per share from continuing operations of $0.34, versus the $0.19 previously announced in our earnings press release for the third quarter of 2014 that was issued on October 21, 2014. The revision is due to a change in the non-cash income tax provision for the third quarter. Upon review, it was determined that the previously reported $63.3 million non-cash tax charge related to the restructuring of the Company's completion and production entities in preparation for the pending transaction with C&J Energy Services should be reduced by approximately $45.0 million to $18.3 million.
CJES: 18.82 (-0.20), NBR: 17.41 (+0.04)
Nabors Industries (NBR) Breaks Through Support at $16.34
Comtex SmarTrend(R) - Thu Nov 06, 9:30AM CST
Shares of Nabors Industries (NYSE:NBR) opened today below their pivot of $16.76 and have already reached the first level of support at $16.34. Analysts will be watching for a cross of the next downside pivot targets of $16.02 and $15.28.
NBR: 17.41 (+0.04)
Oil and Gas Firms Turn to Technology to Weather Low Energy Prices
at The Street - Wed Nov 05, 12:46PM CST
Lower energy prices are delaying capital spending and highlighting the need for advanced technology. Is that the new golden goose for E&P companies?
RDS.A: 69.07 (-2.05), HES: 82.99 (-0.82), TOT: 57.07 (-1.20), NBR: 17.41 (+0.04), WFT: 15.60 (-0.01), XOM: 95.68 (-0.73), DD: 70.25 (-0.56), COP: 71.45 (-0.30), BP: 41.21 (-0.54), GLRI: 4.70 (-0.07), SLB: 98.30 (-0.06)
Shares of NBR Down 35.9% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Wed Nov 05, 10:59AM CST
SmarTrend identified a Downtrend for Nabors Industries (NYSE:NBR) on August 1st, 2014 at $26.39. In approximately 3 months, Nabors Industries has returned 35.92% as of today's recent price of $16.91.
NBR: 17.41 (+0.04)
Oil & Gas Stocks: Does This Correction Have Logic To It?
Richard Zeits - at Seeking Alpha - Wed Nov 05, 6:00AM CST
NBL: 55.57 (-0.57), WLL: 57.07 (-1.21), CLR: 54.91 (-0.01), NBR: 17.41 (+0.04), HAL: 53.58 (-0.14), XOM: 95.68 (-0.73), SN: 17.17 (+0.15), SDRL: 21.44 (-0.16), LPI: 18.01 (-0.35), AREX: 11.82 (+0.77), PBR: 10.63 (-0.02), RDS.A: 69.07 (-2.05), RIG: 27.43 (-1.29), CVX: 117.95 (-0.49), OAS: 26.55 (-0.07), STO: 22.12 (-0.26), BHI: 51.12 (-0.36)
Nabors Industries (NBR) Stock Slumps Today as Oil Prices Fall
at The Street - Tue Nov 04, 1:05PM CST
Shares of Nabors Industries (NBR) are falling after West Texas Intermediate crude slid to as low as $75.84.
NBR: 17.41 (+0.04)
Oil and Gas Drilling Equities Technical Analysis - Precision Drilling, Paragon Offshore, Helmerich and Payne, Vantage Drilling, and Nabors Industries
PR Newswire - Mon Nov 03, 8:00AM CST
Investor-Edge has initiated coverage on the following equities: Precision Drilling Corporation (NYSE: PDS), Paragon Offshore PLC (NYSE: PGN), Helmerich and Payne Inc. (NYSE: HP), Vantage Drilling Company (NYSE MKT: VTG), and Nabors Industries Ltd (NYSE: NBR). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Friday, October 31, 2014, ended on a positive note as the Dow Jones Industrial Average finished at 17,390.52, up 1.13% and the NASDAQ Composite closed at 4,630.74, up 1.41%. The S&P 500 finished the session 1.17% higher at 2,018.05. During the trading session, all the ten sectors finished on a higher note. During the trading session, all the ten sectors finished on a higher note. The S&P 500 Energy Sector Index ended the day at 641.32, up 2.04%, with the index advancing 1.89% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:
VTG: 0.96 (-0.02), NBR: 17.41 (+0.04), PDS: 7.97 (-0.01), HP: 85.98 (-0.03), PGN: 4.92 (+0.05)
Oil Price Collapse Cannot Be Good For Drillers But May Create Value Plays In Producers
Michael Blair - Seeking Alpha - Thu Oct 30, 3:06PM CDT
Oil prices continue to plunge taking a lot of solid oil & gas companies down with them. The Western Canadian Sedimentary Basin is full of opportunity today. But how low can prices go? The answer is they can go a lot lower. That is the bad news....
BXE: 4.81 (+0.12), UNT: 47.38 (-0.34), PWE: 4.34 (+0.10), NBR: 17.41 (+0.04), PKD: 4.16 (-0.12), PGH: 3.92 (+0.05), HP: 85.98 (-0.03), PTEN: 21.95 (-0.20)
Nabors Industries (NBR) Approaches New Downside Target of $17.23
Comtex SmarTrend(R) - Thu Oct 30, 12:59PM CDT
Shares of Nabors Industries (NYSE:NBR) have bearishly opened below the pivot of $17.94 today and have reached the first support level of $17.58. Investors may be interested in a cross of the next downside pivot targets of $17.23 and $16.52.
NBR: 17.41 (+0.04)
C&J Energy Services Announces Third Quarter 2014 Results
PR Newswire - Wed Oct 29, 3:05PM CDT
C&J Energy Services, Inc. (NYSE: CJES) today reported net income of $23.8 million, or $0.42 per diluted share, on revenue of $440.0 million for the third quarter of 2014, and Adjusted Net Income(1) of $26.5 million, or $0.47 per diluted share(1), after excluding a $2.7 million after-tax ($0.05 per diluted share) charge related to transaction costs associated primarily with the proposed combination (the "Pending Transaction"
of C&J with the completion and production services business of Nabors Industries Ltd. ("Nabors" . These results compare with net income of $11.1 million, or $0.20 per diluted share, on revenue of $367.9 million for the second quarter of 2014 and Adjusted Net Income(1) of $15.7 million, or $0.28 per diluted share(1), after excluding a $4.6 million after-tax ($0.08 per diluted share) charge related to the aforementioned transaction costs. For the third quarter of 2013, the Company recorded net income of $13.1 million, or $0.24 per diluted share, on revenue of $261.9 million. Adjusted EBITDA(1) for the third quarter of 2014 was $75.2 million, compared to $53.0 million for the second quarter of 2014 and $42.9 million for the third quarter of 2013.
CJES: 18.82 (-0.20), NBR: 17.41 (+0.04)
Global Wireline Services Market Report 2014
M2 - Wed Oct 29, 7:33AM CDT
Research and Markets (http://www.researchandmarkets.com/research/76jr4s/global_wireline) has announced the addition of the "Global Wireline Services Market Report 2014" report to their offering. This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include North America, South America, Asia Pacific, Africa, Europe and Middle East. To accomplish the growing demand, there has been continuous growth in exploration, production and completion activities. Furthermore, the industries are also discovering new oil and gas fields which require several wireline services. The discovery of shale gas and shale fields has tremendously increased the market for wireline services market. Moreover, these services are used to recover oil and natural gas both, which also increases the demand for wireline services market. Another driver of the global wireline services market is the energy strategy shift towards the gas and energy security. The market restraints of the global wireline services market are the environment regulations and public outcry. Increase in the seismic activities has also slowed down the growth of global market for wireline services. In North America, the United States holds the largest market and is led by companies such as Schlumberger, Baker Hughes, Superior Energy Services and Halliburton. Key Topics Covered: 1 Report Description 2. Global wireline services market estimates and forecasts, 2014 - 2020 (USD Billion) 3 Introduction 4 Wireline Logging 5 Wireline Services Market: Regional analysis 6 Company Profiles - Aker Solutions - Baker Hughes, Inc. - C&J Energy Services, Inc. - FMC Technologies - Halliburton Company - Nabors Industries, Ltd. - National Oilwell Varco Incorporated - Pioneer Energy Services Corp. - Schlumberger Limited - Superior Energy Services, Inc. - Weatherford International, Ltd. For more information visit http://www.researchandmarkets.com/research/76...l_wireline
CJES: 18.82 (-0.20), NBR: 17.41 (+0.04), WFT: 15.60 (-0.01), PES: 8.33 (-0.28), FTI: 56.05 (+0.07), SPN: 24.34 (+0.01), SLB: 98.30 (-0.06), BHI: 51.12 (-0.36)
Stock Market News for October 28, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Tue Oct 28, 9:10AM CDT
Benchmarks were little changed on Monday as investors took a breather following last week’s sharp gains
MU: 32.87 (-0.33), VRX: 130.96 (+0.93), NBR: 17.41 (+0.04), HAL: 53.58 (-0.14), XOM: 95.68 (-0.73), BRCD: 11.16 (+0.09), SLB: 98.30 (-0.06), AGN: 196.08 (+0.74), CHK: 23.45 (+0.02), MRK: 59.26 (-0.11), EOG: 98.32 (-0.43), DD: 70.25 (-0.56), PX: 126.25 (-0.45), CVX: 117.95 (-0.49), VZ: 50.98 (+0.37), DOW: 49.73 (+0.21), ECL: 112.67 (-0.12)
Downgrade Alert for Nabors Industries (NBR)
Comtex SmarTrend(R) - Tue Oct 28, 6:53AM CDT
Nabors Industries (NYSE:NBR) was downgraded from Outperform to Market Perform at Wells Fargo today. The stock closed yesterday at $17.48 on volume of 7.2 million shares, below average daily volume of 8.3 million. Over the past year, Nabors Industries has traded in a range of $15.32 to $30.24 and closed yesterday at $17.48, 14% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2%.
NBR: 17.41 (+0.04)
Nabors Industries Set to Possibly Rebound After Yesterday's Selloff of 6.67%
Comtex SmarTrend(R) - Mon Oct 27, 5:22PM CDT
Nabors Industries (NYSE:NBR) traded in a range yesterday that spanned from a low of $17.38 to a high of $18.34. Yesterday, the shares fell 6.7%, which took the trading range below the 3-day low of $18.06 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
NBR: 17.41 (+0.04)
After Yesterday's Decline of 6.67%, Nabors Industries Offers Investors Better Value
Comtex SmarTrend(R) - Mon Oct 27, 5:22PM CDT
Nabors Industries (NYSE:NBR) traded in a range yesterday that spanned from a low of $17.38 to a high of $18.34. Yesterday, the shares fell 6.7%, which took the trading range below the 3-day low of $18.06 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
NBR: 17.41 (+0.04)
NBR Recent Posts: http://investorshangout.com/Nabors-Industries-NBR-51960/
NBR Nabors Industries Recent Headline News
Will Helmerich & Payne (HP) Miss on Earnings this Season? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Nov 12, 9:30AM CST
Helmerich & Payne, Inc. (HP) is set to release fourth-quarter fiscal 2014 financial results before the opening bell on Thursday, Nov 13.
DO: 36.13 (-0.51), SDT: 4.12 (-0.32), NBR: 17.41 (+0.04), HP: 85.98 (-0.03)
Nabors Industries upwardly revises Q3 earnings from continuing ops
Seeking Alpha - at Seeking Alpha - Tue Nov 11, 2:46PM CST
NBR: 17.41 (+0.04)
Nabors beats 3Q profit forecasts
Automated Insights - Tue Nov 11, 11:45AM CST
HAMILTON HM08, Bermuda (AP) _ Nabors Industries Ltd. (NBR) on Tuesday reported third-quarter net income of $106 million.
NBR: 17.41 (+0.04)
Nabors Announces Revised Third Quarter 2014 Results; GAAP Earnings per Share of $0.34
CNW Group - Mon Nov 10, 5:54PM CST
Nabors Industries Ltd. (NYSE:NBR) today reported revised third-quarter 2014 diluted earnings per share from continuing operations of $0.34, versus the $0.19 previously announced in our earnings press release for the third quarter of 2014 that was issued on October 21, 2014. The revision is due to a change in the non-cash income tax provision for the third quarter. Upon review, it was determined that the previously reported $63.3 million non-cash tax charge related to the restructuring of the Company's completion and production entities in preparation for the pending transaction with C&J Energy Services should be reduced by approximately $45.0 million to $18.3 million.
CJES: 18.82 (-0.20), NBR: 17.41 (+0.04)
Nabors Industries (NBR) Breaks Through Support at $16.34
Comtex SmarTrend(R) - Thu Nov 06, 9:30AM CST
Shares of Nabors Industries (NYSE:NBR) opened today below their pivot of $16.76 and have already reached the first level of support at $16.34. Analysts will be watching for a cross of the next downside pivot targets of $16.02 and $15.28.
NBR: 17.41 (+0.04)
Oil and Gas Firms Turn to Technology to Weather Low Energy Prices
at The Street - Wed Nov 05, 12:46PM CST
Lower energy prices are delaying capital spending and highlighting the need for advanced technology. Is that the new golden goose for E&P companies?
RDS.A: 69.07 (-2.05), HES: 82.99 (-0.82), TOT: 57.07 (-1.20), NBR: 17.41 (+0.04), WFT: 15.60 (-0.01), XOM: 95.68 (-0.73), DD: 70.25 (-0.56), COP: 71.45 (-0.30), BP: 41.21 (-0.54), GLRI: 4.70 (-0.07), SLB: 98.30 (-0.06)
Shares of NBR Down 35.9% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Wed Nov 05, 10:59AM CST
SmarTrend identified a Downtrend for Nabors Industries (NYSE:NBR) on August 1st, 2014 at $26.39. In approximately 3 months, Nabors Industries has returned 35.92% as of today's recent price of $16.91.
NBR: 17.41 (+0.04)
Oil & Gas Stocks: Does This Correction Have Logic To It?
Richard Zeits - at Seeking Alpha - Wed Nov 05, 6:00AM CST
NBL: 55.57 (-0.57), WLL: 57.07 (-1.21), CLR: 54.91 (-0.01), NBR: 17.41 (+0.04), HAL: 53.58 (-0.14), XOM: 95.68 (-0.73), SN: 17.17 (+0.15), SDRL: 21.44 (-0.16), LPI: 18.01 (-0.35), AREX: 11.82 (+0.77), PBR: 10.63 (-0.02), RDS.A: 69.07 (-2.05), RIG: 27.43 (-1.29), CVX: 117.95 (-0.49), OAS: 26.55 (-0.07), STO: 22.12 (-0.26), BHI: 51.12 (-0.36)
Nabors Industries (NBR) Stock Slumps Today as Oil Prices Fall
at The Street - Tue Nov 04, 1:05PM CST
Shares of Nabors Industries (NBR) are falling after West Texas Intermediate crude slid to as low as $75.84.
NBR: 17.41 (+0.04)
Oil and Gas Drilling Equities Technical Analysis - Precision Drilling, Paragon Offshore, Helmerich and Payne, Vantage Drilling, and Nabors Industries
PR Newswire - Mon Nov 03, 8:00AM CST
Investor-Edge has initiated coverage on the following equities: Precision Drilling Corporation (NYSE: PDS), Paragon Offshore PLC (NYSE: PGN), Helmerich and Payne Inc. (NYSE: HP), Vantage Drilling Company (NYSE MKT: VTG), and Nabors Industries Ltd (NYSE: NBR). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Friday, October 31, 2014, ended on a positive note as the Dow Jones Industrial Average finished at 17,390.52, up 1.13% and the NASDAQ Composite closed at 4,630.74, up 1.41%. The S&P 500 finished the session 1.17% higher at 2,018.05. During the trading session, all the ten sectors finished on a higher note. During the trading session, all the ten sectors finished on a higher note. The S&P 500 Energy Sector Index ended the day at 641.32, up 2.04%, with the index advancing 1.89% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:
VTG: 0.96 (-0.02), NBR: 17.41 (+0.04), PDS: 7.97 (-0.01), HP: 85.98 (-0.03), PGN: 4.92 (+0.05)
Oil Price Collapse Cannot Be Good For Drillers But May Create Value Plays In Producers
Michael Blair - Seeking Alpha - Thu Oct 30, 3:06PM CDT
Oil prices continue to plunge taking a lot of solid oil & gas companies down with them. The Western Canadian Sedimentary Basin is full of opportunity today. But how low can prices go? The answer is they can go a lot lower. That is the bad news....
BXE: 4.81 (+0.12), UNT: 47.38 (-0.34), PWE: 4.34 (+0.10), NBR: 17.41 (+0.04), PKD: 4.16 (-0.12), PGH: 3.92 (+0.05), HP: 85.98 (-0.03), PTEN: 21.95 (-0.20)
Nabors Industries (NBR) Approaches New Downside Target of $17.23
Comtex SmarTrend(R) - Thu Oct 30, 12:59PM CDT
Shares of Nabors Industries (NYSE:NBR) have bearishly opened below the pivot of $17.94 today and have reached the first support level of $17.58. Investors may be interested in a cross of the next downside pivot targets of $17.23 and $16.52.
NBR: 17.41 (+0.04)
C&J Energy Services Announces Third Quarter 2014 Results
PR Newswire - Wed Oct 29, 3:05PM CDT
C&J Energy Services, Inc. (NYSE: CJES) today reported net income of $23.8 million, or $0.42 per diluted share, on revenue of $440.0 million for the third quarter of 2014, and Adjusted Net Income(1) of $26.5 million, or $0.47 per diluted share(1), after excluding a $2.7 million after-tax ($0.05 per diluted share) charge related to transaction costs associated primarily with the proposed combination (the "Pending Transaction"
of C&J with the completion and production services business of Nabors Industries Ltd. ("Nabors" . These results compare with net income of $11.1 million, or $0.20 per diluted share, on revenue of $367.9 million for the second quarter of 2014 and Adjusted Net Income(1) of $15.7 million, or $0.28 per diluted share(1), after excluding a $4.6 million after-tax ($0.08 per diluted share) charge related to the aforementioned transaction costs. For the third quarter of 2013, the Company recorded net income of $13.1 million, or $0.24 per diluted share, on revenue of $261.9 million. Adjusted EBITDA(1) for the third quarter of 2014 was $75.2 million, compared to $53.0 million for the second quarter of 2014 and $42.9 million for the third quarter of 2013. CJES: 18.82 (-0.20), NBR: 17.41 (+0.04)
Global Wireline Services Market Report 2014
M2 - Wed Oct 29, 7:33AM CDT
Research and Markets (http://www.researchandmarkets.com/research/76jr4s/global_wireline) has announced the addition of the "Global Wireline Services Market Report 2014" report to their offering. This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include North America, South America, Asia Pacific, Africa, Europe and Middle East. To accomplish the growing demand, there has been continuous growth in exploration, production and completion activities. Furthermore, the industries are also discovering new oil and gas fields which require several wireline services. The discovery of shale gas and shale fields has tremendously increased the market for wireline services market. Moreover, these services are used to recover oil and natural gas both, which also increases the demand for wireline services market. Another driver of the global wireline services market is the energy strategy shift towards the gas and energy security. The market restraints of the global wireline services market are the environment regulations and public outcry. Increase in the seismic activities has also slowed down the growth of global market for wireline services. In North America, the United States holds the largest market and is led by companies such as Schlumberger, Baker Hughes, Superior Energy Services and Halliburton. Key Topics Covered: 1 Report Description 2. Global wireline services market estimates and forecasts, 2014 - 2020 (USD Billion) 3 Introduction 4 Wireline Logging 5 Wireline Services Market: Regional analysis 6 Company Profiles - Aker Solutions - Baker Hughes, Inc. - C&J Energy Services, Inc. - FMC Technologies - Halliburton Company - Nabors Industries, Ltd. - National Oilwell Varco Incorporated - Pioneer Energy Services Corp. - Schlumberger Limited - Superior Energy Services, Inc. - Weatherford International, Ltd. For more information visit http://www.researchandmarkets.com/research/76...l_wireline
CJES: 18.82 (-0.20), NBR: 17.41 (+0.04), WFT: 15.60 (-0.01), PES: 8.33 (-0.28), FTI: 56.05 (+0.07), SPN: 24.34 (+0.01), SLB: 98.30 (-0.06), BHI: 51.12 (-0.36)
Stock Market News for October 28, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Tue Oct 28, 9:10AM CDT
Benchmarks were little changed on Monday as investors took a breather following last week’s sharp gains
MU: 32.87 (-0.33), VRX: 130.96 (+0.93), NBR: 17.41 (+0.04), HAL: 53.58 (-0.14), XOM: 95.68 (-0.73), BRCD: 11.16 (+0.09), SLB: 98.30 (-0.06), AGN: 196.08 (+0.74), CHK: 23.45 (+0.02), MRK: 59.26 (-0.11), EOG: 98.32 (-0.43), DD: 70.25 (-0.56), PX: 126.25 (-0.45), CVX: 117.95 (-0.49), VZ: 50.98 (+0.37), DOW: 49.73 (+0.21), ECL: 112.67 (-0.12)
Downgrade Alert for Nabors Industries (NBR)
Comtex SmarTrend(R) - Tue Oct 28, 6:53AM CDT
Nabors Industries (NYSE:NBR) was downgraded from Outperform to Market Perform at Wells Fargo today. The stock closed yesterday at $17.48 on volume of 7.2 million shares, below average daily volume of 8.3 million. Over the past year, Nabors Industries has traded in a range of $15.32 to $30.24 and closed yesterday at $17.48, 14% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2%.
NBR: 17.41 (+0.04)
Nabors Industries Set to Possibly Rebound After Yesterday's Selloff of 6.67%
Comtex SmarTrend(R) - Mon Oct 27, 5:22PM CDT
Nabors Industries (NYSE:NBR) traded in a range yesterday that spanned from a low of $17.38 to a high of $18.34. Yesterday, the shares fell 6.7%, which took the trading range below the 3-day low of $18.06 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
NBR: 17.41 (+0.04)
After Yesterday's Decline of 6.67%, Nabors Industries Offers Investors Better Value
Comtex SmarTrend(R) - Mon Oct 27, 5:22PM CDT
Nabors Industries (NYSE:NBR) traded in a range yesterday that spanned from a low of $17.38 to a high of $18.34. Yesterday, the shares fell 6.7%, which took the trading range below the 3-day low of $18.06 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
NBR: 17.41 (+0.04)
(0)
(0)Scroll down for more posts ▼