Bearish Moving Average Cross by Consol Energy (CNX)
Today, shares of Consol Energy (NYSE:CNX) have crossed bearishly below their 10-day moving average of $33.73 on a volume of 594K 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 Consol Energy have traded between a low of $26.41 and a high of $39.51 and are now at $33.46, which is 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.2%.
SmarTrend is monitoring the recent change of momentum in Consol Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Consol Energy in search of a potential trend change.
Keywords: moving crosses consol energy