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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 $25.46 on a volume of 747K 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 Whiting Petroleu have traded between a low of $18.37 and a high of $56.47 and are now at $25.04, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has remained constant.

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