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Bullish Moving Average Cross by Devon Energy (DVN)

By Amy Schwartz

Today, shares of Devon Energy (NYSE:DVN) have advanced above their 10-day MA of $38.49 on a volume of 1.2 million 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, Devon Energy share prices have been bracketed by a low of $18.07 and a high of $70.48 and are now at $38.65, 114% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.9% while the 200-day MA has slid 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Devon Energy on April 20th, 2017 by issuing a Downtrend alert when the shares were trading at $39.64. Since that call, shares of Devon Energy have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses devon energy

Ticker(s): DVN