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

By Nick Russo

Today, shares of Carrizo Oil&Gas (NASDAQ:CRZO) have fallen below their 10-day MA of $8.76 on a volume of 300K shares. This may provide swing traders with an opportunity 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 $7.92 and a high of $26.67 and are now at $8.62, which is 9% above that low price. The 200-day and 50-day moving averages have moved 1.5% lower and 0.88% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Carrizo Oil&Gas on July 29th, 2019 by issuing a Downtrend alert when the shares were trading at $9.53. Since that call, shares of Carrizo Oil&Gas have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses carrizo oil&gas

Ticker(s): CRZO