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Bearish Moving Average Cross by Whiting Petroleu (WLL)

By David Diaz

Today, shares of Whiting Petroleu (NYSE:WLL) have fallen below their 10-day MA of $52.39 on a volume of 716K 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.

Whiting Petroleu share prices have moved between a 52-week high of $56.47 and a 52-week low of $0.99 and are now trading 5,174% above that low price at $52.21 per share. Over the past week, the 200-day moving average (MA) has gone up 2.7% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Whiting Petroleu and will alert subscribers who have WLL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses whiting petroleu

Ticker(s): WLL