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Bearish Moving Average Cross by Sm Energy Co (SM)

By Shiri Gupta

Today, shares of Sm Energy Co (NYSE:SM) have fallen below their 10-day MA of $9.88 on a volume of 708K 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.

In the past 52 weeks, Sm Energy Co share prices have been bracketed by a low of $8.51 and a high of $33.76 and are now at $9.45, 11% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sm Energy Co on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $14.40. Since that call, shares of Sm Energy Co have fallen 28.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sm energy co

Ticker(s): SM