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Bullish Moving Average Cross by Parsley Energy-A (PE)

By Shiri Gupta

Today, shares of Parsley Energy-A (NYSE:PE) have crossed bullishly above their 10-day moving average of $18.65 on a volume of 4.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Parsley Energy-A share prices have moved between a 52-week high of $33.43 and a 52-week low of $14.17 and are now trading 38% above that low price at $19.58 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.8%.

SmarTrend is tracking the current trend status for Parsley Energy-A and will alert subscribers who have PE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses parsley energy-a

Ticker(s): PE