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Bullish Moving Average Cross by Devon Energy (DVN)

By Amy Schwartz

Devon Energy (NYSE:DVN) crossed over its 10-day moving average of $37.72 on a volume of 1.8 million 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, shares of Devon Energy have traded between a low of $18.07 and a high of $70.48 and are now at $38.06, which is 111% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 3.9%.

SmarTrend recommended that subscribers consider buying shares of Devon Energy on May 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.72. Since that recommendation, shares of Devon Energy have risen 4.9%. We continue to monitor DVN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses devon energy

Ticker(s): DVN