The market has been high on Franks International NV (FI) stock recently. FI gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With FI Stock Today?
Franks International NV (FI) stock is trading at $3.16 as of 2:45 PM on Friday, Jan 15, a drop of -$0.24, or -7.06% from the previous closing price of $3.40. The stock has traded between $3.10 and $3.34 so far today. Volume today is light. So far 469,368 shares have traded compared to average volume of 1,015,179 shares.
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More About Franks International NV
Frank's International is a leading provider of casing and tubular running services, an important part of the construction of oil and gas wells. The company has been a pioneer in developing the specialized tools necessary to install casing on complex deep-water wells. The company also manufacturers some tubular goods, such as casing connectors.
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