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Bearish Moving Average Cross by Kosmos Energy Lt (KOS)

By David Diaz

Kosmos Energy Lt (NYSE:KOS) crossed under its 10-day moving average of $7.24 on a volume of 2.3 million 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, Kosmos Energy Lt share prices have been bracketed by a low of $5.15 and a high of $8.62 and are now at $7.00, 36% above that low price. The 200-day and 50-day moving averages have moved 0.32% higher and 2.87% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Kosmos Energy Lt on March 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.28. Since that recommendation, shares of Kosmos Energy Lt have risen 24.8%. We continue to monitor KOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kosmos energy lt

Ticker(s): KOS