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Patterson-UTI Energy Inc. Shares Rise Above 200-Day Average

Patterson-UTI Energy Inc. (PTEN) shares show significant movement. The stock crossed its 200-day moving average, trading up about 4.2%, indicating a possible bullish trend, which investors may find promising.

Date: 
AI Rating:   7

Stock Performance: On January 15, 2025, Patterson-UTI Energy Inc. (Symbol: PTEN) saw its shares cross above the critical 200-day moving average of $9.37, with the stock reaching a peak of $9.38. The day reflected an approximate increase of 4.2%, suggesting positive market sentiment surrounding the stock.

52-Week Range: Over the past year, PTEN's shares have fluctuated, achieving a 52-week low of $7.15 and a high of $12.65. The last recorded trading price was $9.33, demonstrating a healthy position within the established range. Investors often regard such movements above the moving average as a bullish signal.