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Bullish Moving Average Cross by Energen Corp (EGN)

By Shiri Gupta

Today, shares of Energen Corp (NYSE:EGN) have crossed bullishly above their 10-day moving average of $50.32 on a volume of 316K 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, Energen Corp share prices have been bracketed by a low of $43.29 and a high of $64.44 and are now at $51.25, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.6% while the 200-day MA has slid 0.8%.

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

Keywords: moving crosses energen corp

Ticker(s): EGN