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Conocophillips Bullish Moving Average Crossover Alert (COP)

By Nick Russo

Conocophillips (NYSE:COP) shares have crossed bullishly above their 10-day moving average of $52.74 on a volume of 618K 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.

In the past 52 weeks, shares of Conocophillips have traded between a low of $50.59 and a high of $80.24 and are now at $53.01, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Conocophillips on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $58.90. Since that call, shares of Conocophillips have fallen 10.6%. 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