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Bearish Moving Average Cross by Devon Energy Co (DVN)

By Shiri Gupta

Devon Energy Co (NYSE:DVN) crossed under its 10-day moving average of $41.67 on a volume of 2.4 million 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.

Devon Energy Co share prices have moved between a 52-week high of $46.54 and a 52-week low of $29.83 and are now trading 39% above that low price at $41.38 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Devon Energy Co and will alert subscribers who have DVN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses devon energy co

Ticker(s): DVN