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Bullish Moving Average Cross by Carrizo Oil&Gas (CRZO)

By Amy Schwartz

Carrizo Oil&Gas (NASDAQ:CRZO) shares have crossed bullishly above their 10-day moving average of $15.19 on a volume of 768K 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 $11.10 to $43.96 and is now at $15.64, 41% above that low. The 200-day and 50-day moving averages have moved 0.36% lower and 3.22% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Carrizo Oil&Gas on January 29th, 2018 by issuing a Downtrend alert when the shares were trading at $21.49. Since that call, shares of Carrizo Oil&Gas have fallen 30.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses carrizo oil&gas

Ticker(s): CRZO