Pacific Drilling (OTCMKTS:PACDQ) Stock Crosses Above 200-Day Moving Average – Here’s Why

by · The Markets Daily

Pacific Drilling S.A. (OTCMKTS:PACDQ – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.04 and traded as high as $0.05. Pacific Drilling shares last traded at $0.04, with a volume of 1,917,900 shares trading hands.

Pacific Drilling Stock Performance

The company has a 50 day simple moving average of $0.04 and a 200-day simple moving average of $0.04.

About Pacific Drilling

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Pacific Drilling SA, together with its subsidiaries, operates as an offshore drilling contractor in the United States, Nigeria, and internationally. It provides offshore drilling services to the oil and natural gas industry. The company contracts its fleet of rigs to drill wells for its customers. It has a fleet of seven drillships.

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