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Callon Petroleum Bullish Moving Average Crossover Alert (CPE)

By Nick Russo

Callon Petroleum (NYSE:CPE) crossed over its 10-day moving average of $12.39 on a volume of 2.2 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, Callon Petroleum share prices have been bracketed by a low of $4.21 and a high of $18.53 and are now at $12.53, 198% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 4.2%.

SmarTrend is tracking the current trend status for Callon Petroleum and will alert subscribers who have CPE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses callon petroleum

Ticker(s): CPE