Shares of NBR Down 18.4% Since Downtrend Call on Shares

Apr 18, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Nabors Industries (NYSE:NBR) on March 21st, 2012 at $19.42. In approximately 4 weeks, Nabors Industries has returned 18.38% as of today's recent price of $15.85.

Nabors Industries share prices have moved between a 52-week high of $32.47 and a 52-week low of $11.05 and are now trading 43% above that low price at $15.85 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.7%.

Nabors Industries Ltd, is a land drilling contractor, and also performs well servicing and workovers. The Company conducts oil, gas, and geothermal land drilling operations. Nabors' well-site services include oilfield management, well logging, and other support services.

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

Log in and add Nabors Industries (NBR) 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 --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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