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Bearish Moving Average Cross by Carrizo Oil&Gas (CRZO)

By James Quinn

Today, shares of Carrizo Oil&Gas (NASDAQ:CRZO) have fallen below their 10-day MA of $10.26 on a volume of 1.8 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Carrizo Oil&Gas share prices have been bracketed by a low of $8.64 and a high of $29.58 and are now at $10.04, 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 1.6%.

SmarTrend is monitoring the recent change of momentum in Carrizo Oil&Gas. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Carrizo Oil&Gas in search of a potential trend change.

Keywords: moving crosses carrizo oil&gas

Ticker(s): CRZO