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Bullish Moving Average Cross by Consol Energy (CNX)

By James Quinn

Consol Energy (NYSE:CNX) crossed over its 10-day moving average of $10.65 on a volume of 286K 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.

In the past 52 weeks, Consol Energy share prices have been bracketed by a low of $9.58 and a high of $18.37 and are now at $10.85, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has slid 1%.

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

Keywords: moving crosses consol energy

Ticker(s): CNX