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Conocophillips Bullish Moving Average Crossover Alert (COP)

By Nick Russo

Today, shares of Conocophillips (NYSE:COP) have crossed bullishly above their 10-day moving average of $59.96 on a volume of 1.5 million 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, Conocophillips share prices have been bracketed by a low of $56.75 and a high of $80.24 and are now at $61.94, 9% above that low price. The 200-day and 50-day moving averages have moved 0.27% lower and 0.65% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Conocophillips on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $65.81. Since that call, shares of Conocophillips have fallen 9.2%. 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