Concho Resources Crosses Below its 10-day MA (CXO)
Concho Resources (NYSE:CXO) crossed under its 10-day moving average of $138.60 on a volume of 136K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Concho Resources share prices have been bracketed by a low of $69.94 and a high of $143.60 and are now at $137.86, 97% above that low price. 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