Bullish Moving Average Cross by Carrizo Oil & Gas (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) shares have crossed bullishly above their 10-day moving average of $35.68 on a volume of 421K 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.
Over the past year, Carrizo Oil & Gas has traded in a range of $16.10 to $56.26 and is now at $36.38, 126% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 3.2%.
SmarTrend is tracking the current trend status for Carrizo Oil & Gas and will alert subscribers who have CRZO in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses carrizo oil & gas