Weatherford International Ltd. (NYSE: WFT): traded higher by 2.77% or $0.46/share in pre-market trading to $17.09. In the past year, the shares have traded as low as $10.85 and as high as $23.41. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $16.91 area where the stock will likely see buying pressure.
