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Bullish Moving Average Cross by Qep Resources In (QEP)

By James Quinn

Today, shares of Qep Resources In (NYSE:QEP) have advanced above their 10-day MA of $7.40 on a volume of 1.1 million 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, shares of Qep Resources In have traded between a low of $7.02 and a high of $21.12 and are now at $7.61, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 4.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Qep Resources In on January 11th, 2017 by issuing a Downtrend alert when the shares were trading at $17.85. Since that call, shares of Qep Resources In have fallen 59.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses qep resources in

Ticker(s): QEP