LONDON, July 11, 2014 /PRNewswire/ --
The US markets on Thursday, July 10, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,915.07, down 0.42% and the NASDAQ Composite closed at 4,396.20, down 0.52%. The S&P 500 finished the session 0.41% lower at 1,964.68. During the trading session, eight out of ten sectors finished on a lower note. The S&P 500 Energy Sector Index ended the day at 722.76, down 0.95%, whereas the index has gained 11.15% in the previous three months. Investor-Edge has initiated coverage on the following equities: Nabors Industries Ltd (NYSE: NBR), Rowan Companies PLC (NYSE: RDC), Patterson-UTI Energy Inc. (NASDAQ: PTEN) and Diamond Offshore Drilling Inc. (NYSE: DO). Free technical research on NBR, RDC, PTEN and DO can be downloaded upon signing up at:
On Thursday, shares in Nabors Industries Ltd fluctuated between $28.62 and $29.15 before ending the session 0.92% lower at $28.99. The stock reported a trading volume of 2.08 million shares, much below its three months average volume of 4.25 million shares. Shares of the company traded at a PE ratio of 31.46. Nabors Industries Ltd's shares have fallen by 0.89% in the previous three trading sessions, while the stock has gained 7.17% in the last one month and 70.63% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $26.85 and $21.02, respectively. Moreover, shares of Nabors Industries Ltd have a Relative Strength Index (RSI) of 62.11. Sign up today to read free research on NBR at:
Rowan Companies PLC's stock fell 1.02%, to close the day at $31.15. The stock recorded a trading volume of 1.27 million shares, below its three months average volume of 1.96 million shares. The company shares oscillated between $30.96 and $31.27 during the session. Over the last three trading sessions and over the past one month, Rowan Cos PLC's shares have fallen by 1.46% and 2.69%, respectively. Further, the stock has lost 11.91% since the start of this year. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $33.32 is above its 50-day moving average of $31.38. Additionally, the stock traded at a PE ratio of 15.53 and has an RSI of 45.19. Sign up today to read free research on RDC at:
On Thursday, shares in Patterson-UTI Energy Inc. recorded a trading volume of 1.25 million shares, lower than its three months average volume of 2.17 million shares. The stock ended the day at $34.39, which was 1.69% below its previous day's closing of $34.98, and registered an intraday range of $34.11 and $34.77. Shares of the company traded at a PE ratio of 26.79. Although Patterson-UTI Energy Inc.'s stock has lost 2.36% in the previous three trading sessions, it has advanced 2.75% in the last one month and 35.82% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $33.52 and $28.20, respectively. Furthermore, shares of Patterson-UTI Energy Inc. have an RSI of 56.56. Sign up today to read free research on PTEN at:
Shares in Diamond Offshore Drilling Inc. finished the Thursday's session 1.57% lower at $47.64. A total of 1.38 million shares were traded, which was below its three months average volume of 1.46 million shares. The stock vacillated between $47.25 and $48.24 during the session. Over the last one month and over the previous three months, Diamond Offshore Drilling Inc.'s shares have advanced 1.60% and 2.10%, respectively. However, from the beginning of 2014, the company's stock has lost 13.74%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $52.20 is greater than its 50-day moving average of $50.00. Shares of Diamond Offshore Drilling Inc. traded at a PE ratio of 12.82 and have an RSI of 44.57. Sign up today to read free research on DO at:
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