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Bullish Moving Average Cross by ConocoPhillips (COP)

By Nick Russo

ConocoPhillips (NYSE:COP) shares have crossed bullishly above their 10-day moving average of $44.19 on a volume of 1.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, ConocoPhillips has traded in a range of $31.05 to $68.36 and is now at $44.69, 44% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 2.2%.

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

Keywords: moving crosses ConocoPhillips

Ticker(s): COP