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Bullish Moving Average Cross by Concho Resources (CXO)

By Amy Schwartz

Concho Resources (NYSE:CXO) shares have crossed bullishly above their 10-day moving average of $154.71 on a volume of 138K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Concho Resources has traded in a range of $106.73 to $162.91 and is now at $155.13, 45% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

SmarTrend is monitoring the recent change of momentum in Concho Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Concho Resources in search of a potential trend change.

Keywords: moving crosses concho resources

Ticker(s): CXO