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Shares of UNT Down 49.3% Since Downtrend Call on Shares

Jun 12, 2019 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Unit Corp (NYSE:UNT) on February 7th, 2019 at $15.41. In approximately 4 months, Unit Corp has returned 49.25% as of today's recent price of $7.82.

Over the past year, Unit Corphas traded in a range of $7.79 to $29.06 and are now at $7.82. The 200-day and 50-day moving averages have moved 1.53% lower and 2.86% lower over the past week, respectively.

Unit Corporation, through its subsidiaries, contracts to drill onshore oil and natural gas wells, as well as develops, acquires, and produces oil and natural gas properties. The Company's operations are located primarily in the Anadarko and Arkoma Basins, as well as the south Texas and Permian Basins. Unit also has producing properties in other states and Canada.

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

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

Write to SmarTrend at cs@mysmartrend.com

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