Saipem (OTCMKTS:SAPMY) Share Price Passes Below 50 Day Moving Average – What’s Next?

Saipem SpA (OTCMKTS:SAPMYGet Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.54 and traded as low as $0.50. Saipem shares last traded at $0.50, with a volume of 993 shares.

Saipem Price Performance

The firm has a 50-day moving average price of $0.54 and a 200 day moving average price of $0.51.

About Saipem

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Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.

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