Bullish Moving Average Cross by Ecopetrol (EC)
Today, shares of Ecopetrol (NYSE:EC) have crossed bullishly above their 10-day moving average of $9.46 on a volume of 130K 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.
Over the past year, Ecopetrol has traded in a range of $5.16 to $17.92 and is now at $9.58, 86% 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 2.4%.
SmarTrend is tracking the current trend status for Ecopetrol and will alert subscribers who have EC in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses ecopetrol