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Concho Resources Bullish Moving Average Crossover Alert (CXO)

By Nick Russo

Today, shares of Concho Resources (NYSE:CXO) have crossed bullishly above their 10-day moving average of $118.57 on a volume of 189K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $134.13 and are now at $120.72, which is 73% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.2%.

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