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Carrizo Oil & Gas Bearish Moving Average Crossover Alert (CRZO)

By Shiri Gupta

Carrizo Oil & Gas (NASDAQ:CRZO) crossed under its 10-day moving average of $37.72 on a volume of 178K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Carrizo Oil & Gas share prices have moved between a 52-week high of $56.26 and a 52-week low of $16.10 and are now trading 132% above that low price at $37.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.2% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Carrizo Oil & Gas on May 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.35. Since that recommendation, shares of Carrizo Oil & Gas have risen 5.9%. We continue to monitor CRZO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses carrizo oil & gas

Ticker(s): CRZO