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Canadian Natural Resources Crosses Above its 10-day MA (CNQ)

By Nick Russo

Canadian Natural Resources (NYSE:CNQ) crossed over its 10-day moving average of $31.14 on a volume of 406K 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, Canadian Natural Resources share prices have been bracketed by a low of $14.60 and a high of $35.28 and are now at $31.58, 116% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.4%.

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

Keywords: moving crosses canadian natural resources

Ticker(s): CNQ