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Carrizo Oil & Gas Crosses Above its 10-day MA (CRZO)

By Nick Russo

Today, shares of Carrizo Oil & Gas (NASDAQ:CRZO) have crossed bullishly above their 10-day moving average of $21.12 on a volume of 493K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Carrizo Oil & Gas share prices have been bracketed by a low of $16.10 and a high of $56.26 and are now at $21.30, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 3.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Carrizo Oil & Gas on February 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $34.37. Since that call, shares of Carrizo Oil & Gas have fallen 40.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses carrizo oil & gas

Ticker(s): CRZO