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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 advanced above their 10-day MA of $13.27 on a volume of 2.2 million 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, Carrizo Oil&Gas share prices have been bracketed by a low of $11.73 and a high of $43.96 and are now at $13.88, 18% 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 62.8%. 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