Today's Technical View: National Oilwell Varco Inc., McDermott International
Inc., Eldorado Gold Corp., and AuRico Gold Inc.
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LONDON, September 26, 2013
LONDON, September 26, 2013 /PRNewswire/ --
The U.S. equity market posted losses on Wednesday, September 25, 2013. The S&P
500 ended the day at 1,692.77, down 0.27%; the Dow Jones Industrial Average
closed at 15,273.26, down 0.40%; and the NASDAQ Composite finished at
3,761.10, down 0.19%. Shares in the basic material - commodities sector mostly
edged higher, even as the broader market ended on a lower note. The major
movers in the sector included National Oilwell Varco Inc. (NYSE: NOV),
McDermott International Inc. (NYSE: MDR), Eldorado Gold Corporation (NYSE:
EGO), and AuRico Gold Inc. (NYSE: AUQ). All these companies are tracked by
AAAResearchReports.com. Free in-depth technical analysis on NOV, MDR, EGO, and
AUQ are currently available upon signing up at:
Shares in National Oilwell Varco Inc. gained 0.53% on Wednesday, extending the
gains from the previous trading session. The company's shares fluctuated
between $78.66 and $79.88 before finishing the day at $79.10. A total of 2.34
million shares were traded, which is below the daily average volume of 2.98
million. The company's shares have surged 9.04% in the last one month and
16.89% in the previous three months, outperforming the S&P 500 which has
gained 1.76% and 6.60% during the respective periods. Moreover, National
Oilwell Varco Inc.'s stock is trading above its 50-day and 200-day moving
averages of $74.31 and $70.33, respectively. Sign up for free technical
analysis on NOV at:
McDermott International Inc.'s stock edged higher on Wednesday, even as the
broader market posted losses. The company's shares ended the day 0.40% higher
at $7.46 after oscillating between $7.42 and $7.58. A total of 2.73 million
shares were traded, which is below the daily average volume of 4.34 million.
The company's shares have gained 1.50% in the previous three months, compared
to a loss of 1.00% in the S&P 500 during the same period. Despite Wednesday's
gains, McDermott International Inc.'s stock is trading below its 50-day and
200-day moving averages of $7.81 and $9.89, respectively. Download free report
on MDR by registering at:
Shares in Eldorado Gold Corp. rose sharply on Wednesday, reversing all of the
losses from the previous trading session. The company's shares traded between
$6.70 and $6.98 before finishing the day 1.05% higher at $6.76. A total of
5.29 million shares were traded, which is below the daily average volume of
6.95 million. The company's shares have gained 14.97% in the previous three
months, outperforming the S&P 500 which has advanced 6.60% during the same
period. Despite Wednesday's sharp gains, Eldorado Gold Corp.'s stock is
trading below its 50-day and 200-day moving averages of $7.95 and $8.97,
respectively. The free report on EGO can be downloaded by signing up now at:
On Wednesday, AuRico Gold Inc.'s stock fell sharply by 1.01%, extending the
losses from the previous trading session. The company's shares ended the day
at $3.91 after vacillating between $3.90 and $4.06. A total of 3.53 million
shares were traded, which is above the daily average volume of 3.31 million.
AuRico Gold Inc.'s shares have declined by 8.00% in the previous three trading
sessions, underperforming the S&P 500 which has fallen by 1.00% during the
same period. Additionally, the company's stock is trading below its 50-day and
200-day moving averages of $4.52 and $5.71, respectively. A free report on AUQ
can be accessed by registering at:
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