How Have Shell’s Moving Averages Trended Pre-1Q18 Earnings?
In 1Q17, Royal Dutch Shell’s (RDS.A) 50-day moving average stood above its 200-day moving average. Shell stock’s downtrend paused in the second quarter, likely in expectation of its earnings. Shell published its 1Q17 numbers, which exceeded its estimates, but as WTI (West Texas Intermediate) continued to plunge, it likely pressured Shell stock.