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Bullish Moving Average Cross by Energen Corp (EGN)

By Nick Russo

Energen Corp (NYSE:EGN) shares have crossed bullishly above their 10-day moving average of $74.29 on a volume of 162K 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.

Energen Corp share prices have moved between a 52-week high of $78.30 and a 52-week low of $47.74 and are now trading 56% above that low price at $74.47 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Energen Corp on June 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.91. Since that recommendation, shares of Energen Corp have risen 4.1%. We continue to monitor EGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses energen corp

Ticker(s): EGN