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

By Shiri Gupta

Today, shares of Canadian Natural Resources (NYSE:CNQ) have crossed bearishly below their 10-day moving average of $30.02 on a volume of 516K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Canadian Natural Resources share prices have moved between a 52-week high of $33.50 and a 52-week low of $14.60 and are now trading 104% above that low price at $29.76 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Canadian Natural Resources and will alert subscribers who have CNQ in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses canadian natural resources

Ticker(s): CNQ