Bearish Moving Average Cross by EQT (EQT)
EQT (NYSE:EQT) crossed under its 10-day moving average of $72.15 on a volume of 139K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, EQT share prices have been bracketed by a low of $47.10 and a high of $92.79 and are now at $71.99, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.
SmarTrend is tracking the current trend status for EQT and will alert subscribers who have EQT in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses