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Bearish Moving Average Cross by QEP Resources (QEP)

By James Quinn

QEP Resources (NYSE:QEP) shares have crossed bearishly below their 10-day moving average of $18.89 on a volume of 12.7 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, shares of QEP Resources have traded between a low of $8.54 and a high of $23.46 and are now at $18.10, which is 112% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.2% while the 200-day MA has risen 0.4%.

SmarTrend is monitoring the recent change of momentum in QEP Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of QEP Resources in search of a potential trend change.

Keywords: moving crosses qep resources

Ticker(s): QEP