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Bullish Moving Average Cross by Whiting Petroleu (WLL)

By Amy Schwartz

Today, shares of Whiting Petroleu (NYSE:WLL) have crossed bullishly above their 10-day moving average of $7.73 on a volume of 17.0 million shares. This may provide swing traders with 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 Whiting Petroleu have traded between a low of $6.00 and a high of $55.17 and are now at $10.69, which is 78% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.5% while the 50-day MA has declined 8.2%.

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

Keywords: moving crosses whiting petroleu

Ticker(s): WLL