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Concho Resources Bullish Moving Average Crossover Alert (CXO)

By Shiri Gupta

Concho Resources (NYSE:CXO) crossed over its 10-day moving average of $150.07 on a volume of 178K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Concho Resources has traded in a range of $106.73 to $162.91 and is now at $151.79, 42% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

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

Keywords: moving crosses concho resources

Ticker(s): CXO