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

By Amy Schwartz

Today, shares of Parsley Energy-A (NYSE:PE) have advanced above their 10-day MA of $17.40 on a volume of 442K 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, Parsley Energy-A share prices have been bracketed by a low of $13.72 and a high of $31.05 and are now at $17.51, 28% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.4%.

SmarTrend recommended that subscribers consider buying shares of Parsley Energy-A on August 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.63. Since that recommendation, shares of Parsley Energy-A have risen 3.8%. We continue to monitor PE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses parsley energy-a

Ticker(s): PE