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Conocophillips Bullish Moving Average Crossover Alert (COP)

By David Diaz

Today, shares of Conocophillips (NYSE:COP) have advanced above their 10-day MA of $43.25 on a volume of 1.3 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.

Conocophillips share prices have moved between a 52-week high of $53.17 and a 52-week low of $38.80 and are now trading 12% above that low price at $43.39 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Conocophillips on May 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $46.95. Since that call, shares of Conocophillips have fallen 8.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ConocoPhillips

Ticker(s): COP