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

By James Quinn

Carrizo Oil&Gas (NASDAQ:CRZO) crossed under its 10-day moving average of $23.76 on a volume of 504K 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, shares of Carrizo Oil&Gas have traded between a low of $11.38 and a high of $31.57 and are now at $23.65, which is 108% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Carrizo Oil&Gas and will alert subscribers who have CRZO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses carrizo oil&gas

Ticker(s): CRZO