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Bullish Moving Average Cross by Newfield Explora (NFX)

By David Diaz

Today, shares of Newfield Explora (NYSE:NFX) have advanced above their 10-day MA of $23.51 on a volume of 600K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Newfield Explora share prices have been bracketed by a low of $22.72 and a high of $50.00 and are now at $23.74, 4% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 1.36% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Newfield Explora on January 30th, 2018 by issuing a Downtrend alert when the shares were trading at $32.13. Since that call, shares of Newfield Explora have fallen 27.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses newfield explora

Ticker(s): NFX