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Bullish Moving Average Cross by Phillips 66 (PSX)

By David Diaz

Phillips 66 (NYSE:PSX) shares have crossed bullishly above their 10-day moving average of $102.56 on a volume of 204K 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, Phillips 66 share prices have been bracketed by a low of $78.44 and a high of $119.14 and are now at $103.72, 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in Phillips 66. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Phillips 66 in search of a potential trend change.

Keywords: moving crosses phillips 66

Ticker(s): PSX