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Callon Petroleum Crosses Below its 10-day MA (CPE)

By Amy Schwartz

Today, shares of Callon Petroleum (NYSE:CPE) have fallen below their 10-day MA of $10.99 on a volume of 2.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Callon Petroleum has traded in a range of $9.34 to $14.65 and is now at $10.61, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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