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Bullish Moving Average Cross by Callon Petroleum (CPE)

By Amy Schwartz

Callon Petroleum (NYSE:CPE) crossed over its 10-day moving average of $7.54 on a volume of 690K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Callon Petroleum share prices have been bracketed by a low of $5.57 and a high of $14.65 and are now at $7.68, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.7%.

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

Keywords: moving crosses callon petroleum

Ticker(s): CPE