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Downtrend Call Working As Patterson-Uti Stock Falls 15.7% (PTEN)

Mar 08, 2018 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Patterson-Uti (NASDAQ:PTEN) on February 5th, 2018 at $22.70. In approximately 1 month, Patterson-Uti has returned 15.70% as of today's recent price of $19.14.

Patterson-Uti share prices have moved between a 52-week high of $29.76 and a 52-week low of $14.83 and are now trading 29% above that low price at $19.14 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.5%.

Patterson-UTI Energy, Inc. provides land-based drilling services to major and independent oil and natural gas companies. The Company conducts drilling operations in Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada. Patterson-UTI is also involved in pressure pumping, oil and gas exploration and production, and drilling and completion fluids services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Patterson-Uti.

Log in and add Patterson-Uti (PTEN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to SmarTrend at


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