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Conocophillips Bullish Moving Average Crossover Alert (COP)

By David Diaz

Conocophillips (NYSE:COP) shares have crossed bullishly above their 10-day moving average of $54.18 on a volume of 747K shares. This may provide short-term investors a chance 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 $61.31 and a 52-week low of $38.80 and are now trading 40% above that low price at $54.50 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 2.22% higher over the past week, respectively.

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

Keywords: moving crosses ConocoPhillips

Ticker(s): COP