Nabors Industries (NBR, $31.44) price may drop as it broke higher Bollinger Band on May 12, 2025

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NBR - Nabors Industries Ltd
Bollinger signal
Bearish Trend
88%
Odds of DOWN Trend
Price: $31.44
Daily change: +$2.29 (+7.86%)
Daily volume: 481.8K
Capitalization: $493.6M
Industry: Contract Drilling

This price move could be a signal that NBR may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 42 similar cases where NBR's price broke its higher Bollinger Band, and 37 of them led to a successful outcome. Odds of Success: 88%.