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Concho Resources Bearish Moving Average Crossover Alert (CXO)

By Shiri Gupta

Today, shares of Concho Resources (NYSE:CXO) have fallen below their 10-day MA of $131.97 on a volume of 170K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Concho Resources have traded between a low of $69.94 and a high of $147.55 and are now at $131.52, which is 88% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 1.73% higher over the past week, respectively.

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

Keywords: moving crosses concho resources

Ticker(s): CXO