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Bullish Moving Average Cross by Consol Energy (CNX)

By Shiri Gupta

Today, shares of Consol Energy (NYSE:CNX) have crossed bullishly above their 10-day moving average of $16.07 on a volume of 254K 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.

In the past 52 weeks, Consol Energy share prices have been bracketed by a low of $4.54 and a high of $34.14 and are now at $16.17, 256% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 4.7%.

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