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Gulf Island Fabrication Has Returned 22.0% Since SmarTrend Recommendation (GIFI)

May 19, 2017 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Gulf Island Fabrication (NASDAQ:GIFI) on February 24th, 2017 at $11.70. In approximately 3 months, Gulf Island Fabrication has returned 22.01% as of today's recent price of $9.13.

Over the past year, Gulf Island Fabrication has traded in a range of $6.34 to $18.03 and is now at $9.12, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.5%.

Gulf Island Fabrication, Inc. makes offshore drilling and production platforms and other specialized structures used in the development and production of offshore oil and gas reserves. Products include jackets and deck sections of fixed production platforms, hull and deck sections of floating production platforms, piles, wellhead protectors, subsea templates, and various modules.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Gulf Island Fabrication.

Log in and add Gulf Island Fabrication (GIFI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com

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